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30-03-2022
Social Studies

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What do merchants usually do to
sell items that are overstocked? What does this tell you
about the equilibrium price for the product?
I need help ill give 100 points

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ogorwyne ogorwyne

13-04-2022

When the items are overstocked, in order to sell them off, the merchants may decide to cut their prices and then make offers for them.

How does a fall in price affect the product?

When the price of the product is lower, people would demand more for it. A high price is known to scare off people.

But when the goods are lower in price, it would become more affordable. People would buy more of it.

Read more on demand and supply here: https://brainly.com/question/4804206

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