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3. The Market Forces of Supply and Demand
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Problem 15
3. The Market Forces of Supply and Demand
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3. The Market Forces of Supply and Demand / Effects of Surplus / Problem 13
Problem 13
In the electronics market, what could cause a surplus of smartphones?
A
Government-imposed price ceiling.
B
Overproduction due to optimistic sales forecasts.
C
A decrease in production costs.
D
A sudden increase in consumer demand.
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