Is price a tool for changing surplus situations?© BrainMass Inc. brainmass.com February 24, 2021, 2:26 pm ad1c9bdddf
Price can be a tool for changing surplus situations.
Think about when prices go down maybe because the government imposed a price ceiling, supply goes down since it is now more expensive for producers to produce the product. Consumers though would like to ...
The price as a tool for surplus in microeconomics are examined.