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QUESTION IMAGE

supply and demand affected prices and during a surplus demand would inc…

Question

supply and demand affected prices and during a surplus demand would increase and supply would decrease
true
false

Explanation:

Brief Explanations

In a surplus situation, supply exceeds demand. To reach equilibrium, price decreases, which may lead to an increase in quantity - demanded and a decrease in quantity - supplied over time, not an increase in demand and decrease in supply as stated.

Answer:

B. False