Economics : Micro 4
Economics : Micro 4
4th Edition
ISBN: 9781305436855
Author: MCEACHERN
Publisher: CENGAGE L
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Chapter 4, Problem 5.9PA
To determine

Reasons behind accepting lower price in case of market surplus.

Concept Introduction:

Market surplus is a situation in which there is excess supply of the commodity in the market that is quantity supplied is greater than the quantity demanded.

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