Excess supply over demand will place a price advantage on...
Excess supply over demand will place a price advantage on ____
Government
Foreign investors
Suppliers
Consumers
Correct answer is D
This is because, according to the concept of equilibrium, if supply increases while demand remains constant, there will be an excess of supply over demand. This will bring about a decrease in the equilibrium price of the commodity and an increase in the equilibrium quantity. This gave rise to the fifth law of demand and supply which states that: “an increase in the supply of a commodity will cause the equilibrium price to fall and the quantity demanded to increase, while a decrease in supply will cause the equilibrium price to rise but the quantity demanded will fall”.
Surplus in the balance of payment leads to? ...
In the event of liquidation of a private limited liability company, the shareholders' liability ...
An issue of bank notes not backed by gold but by government securities is known as ...
The unit for measuring changes in prices and output is called …………&helli...
The marginal productivity theory applies in a ...
Dumping in international trade means selling a goods at a ...