If a store runs a sale on a product to clear out its stock, we can conclude that:____.

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05-09-2022
Business

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If a store runs a sale on a product to clear out its stock, we can conclude that:____.

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tutorconsortium344 tutorconsortium344 · Answer 1 · 2022-09-09T14:42:25-04:00

If a store runs a sale on a product to clear out its stock, we can conclude that there was a surplus of the product in the store.

When a product's supply and demand diverge, or when a small number of buyers are willing to pay more than the vast majority of buyers, there is a surplus. In theory, there should be neither a surplus nor a deficit of a good when it is sold for a fixed price that everyone is willing to pay.

Product surplus is the region that is above the supply level and below the equilibrium price.

To know more about surplus, click here:-

https://brainly.com/question/14829124

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