How did overproduction affect businesses in the 1920s? Check all that apply.Businesses cut production. Workers were laid off. Demand increased.Businesses closed. Banks lowered rates.

Overproduction meant businesses made more goods than consumers would buy, leaving them with unsold inventory. Many responded by cutting production, laying off workers, or closing altogether. Demand did not increase; weak demand contributed to the surplus, and lower bank rates were not a direct effect of overproduction.

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