Which of the following is the most reasonable explanation for a surplus of a product on the market?
1. Most consumers find the product reasonably priced?
2.The producers overestimated the demand for a product?
3.An expensive substitute for the prduct is available?
4. Producers have not supplied enough of the product?
5. The product has many uses?
2007-08-31 09:19:26 · 5 answers · asked by Anonymous in Education & Reference ➔ Homework Help
2
2007-08-31 09:22:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
2
2007-08-31 16:26:07 · answer #2 · answered by jason m 3 · 0⤊ 0⤋
2
2007-08-31 16:23:06 · answer #3 · answered by I Love Jesus 5 · 0⤊ 0⤋
You need to think about the question. There is a surplus of a certain product. That means that there is more than enough product available, in fact probably more product is available than can be sold. Now look at your answer choices and one should jump right out at you. Why would there be too much of a product sitting on the store shelves?
2007-08-31 16:24:15 · answer #4 · answered by jml167 4 · 0⤊ 0⤋
Number 2
BTW: It is Social studies, not studdies.
Good question though...Lynn
2007-08-31 16:22:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋