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Effects of Surplus
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Problem 10
Effects of Surplus
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3. The Market Forces of Supply and Demand / Effects of Surplus / Problem 6
Problem 6
How can a surplus be addressed in a market where the price is set above equilibrium?
A
By setting a price floor.
B
By maintaining the current price.
C
By increasing production to meet demand.
D
By allowing the price to decrease until equilibrium is reached.
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