In situations of exces demand, sellers might lower quality when they are unable to raise prices because they with to: A reduce excess demand. B raise their profit levels. C decrease surpluses. D raise their sales.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section5.2: Cloting Choices
Problem 1R
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In situations of exces demand, sellers might
lower quality when they are unable to raise
prices because they with to:
A reduce excess demand.
B raise their profit levels.
C decrease surpluses.
D raise their sales.
Transcribed Image Text:In situations of exces demand, sellers might lower quality when they are unable to raise prices because they with to: A reduce excess demand. B raise their profit levels. C decrease surpluses. D raise their sales.
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