Suppliers will keep raising prices in a certain market as long as

there is excess supply and quantity supplied exceeds the quantity demanded

there is excess supply and quantity demanded exceeds the quantity supplied

there is excess demand and quantity demanded exceeds the quantity supplied

there is excess demand and quantity supplied exceeds the quantity demanded

Question

Jacobson

History

21 June, 02:30

Suppliers will keep raising prices in a certain market as long as

there is excess supply and quantity supplied exceeds the quantity demanded

there is excess supply and quantity demanded exceeds the quantity supplied

there is excess demand and quantity demanded exceeds the quantity supplied

there is excess demand and quantity supplied exceeds the quantity demanded

+3

Answers (1)

Know the Answer?

Tuffy · Answer 1

There is excess supply and quantity supplied exceeds the quantity demanded.

Explanation:

They will keep raising the prices as long as they have enough stock (supply) and so there is more supply than what reaches the demand (the amount of people buying).