When a surplus exists in a market, sellers
a. raise price, which increases quantity demanded and decreases quantity supplied, until the surplus is eliminated.
b. raise price, which decreases quantity demanded and increases quantity supplied, until the surplus is eliminated.
c. lower price, which increases quantity demanded and decreases quantity supplied, until the surplus is eliminated.
d. lower price, which decreases quantity demanded and increases quantity supplied, until the surplus is eliminated.
c
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Which of the following was seen by labor as an antilabor piece of legislation?
a. Taft-Hartley Act of 1947 b. Civil Rights Act of 1964 c. Norris-LaGuardia Act of 1932 d. Wagner Act of 1935 e. Clayton Act of 1914