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• What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.
Whenever there is a surplus of products, regardless of origin, the price drops. Even to the point of selling at a loss, the holder has already paid the invoice and taxes, but still has to pay storage, [ the longer it holds the product the more money it costs, selling at a loss moves the product out of storage and clears the store front for another product. Take the case of car sales, do you
really think that cutting $10,000 of the price of a $40K car makes sense if you can sell it for $40K. ]
Expert answered|Butterflybaby|Points 260|
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Asked 6/30/2012 6:22:52 PM
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