2
QuizMultiple Choice

Pricing and Production

Question 2 • 26-27 Small Business Entrepreneurship A

A large supply of a product equals _____.

Answer
A
higher prices
B
lower prices
C
the same price
D
none of the above

Explanation

When supply is large relative to demand, sellers have more of the product available, so they may lower prices to attract buyers. Therefore, a large supply is associated with lower prices, choice B.

AI-written and checked against the verified answer.

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