When supply exceeds demand, sellers must lower prices to stimulate sal – McqOptions

MCQOPTIONS

1.	When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?
A.	Cost push theory
B.	Supply and Demand theory
C.	Fundamental theory
D.	Ricardo’s theory
Answer» C. Fundamental theory

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