EBK ECON: MACRO4
EBK ECON: MACRO4
4th Edition
ISBN: 9781305562097
Author: MCEACHERN
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 4, Problem 5.9PA
To determine

The reason behind acceptation of lower price under market surplus.

Concept Introduction:

Market surplus: When the supply is more in the market than the demand of the commodity, this excess supply is known as market surplus.

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