An excess quantity supplied can be corrected by
A) a fall in price.
B) legally fixing the price at its present level.
C) a decrease in demand.
D) an increase in supply.
A
Economics
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As the circular flow model points out, a choice that households make is how
A) many resources a firm will hire. B) many goods and services are produced. C) many goods and services are purchased. D) much labor is hired. E) much the government will collect in taxes and how much the government will spend on transfer payments.
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How does a self-contained unit benefit a firm?
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