A surplus tends to put ________ pressure on the price of the product, which ________ the quantity demanded
A) upward; increases
B) upward; decreases
C) downward; increases
D) downward; decreases
C
Economics
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The loss of total market share of steel in the world market for steel can be blamed on steel producers' decisions to not adopt the latest steel technology
The producers in other countries that adopted it gained market share at the expense of the U.S. Indicate whether the statement is true or false
Economics
For which of the following goods is the price least likely to be flexible?
A. Airline tickets B. Beer C. Milk D. Newspapers
Economics