a surplus of a good or service tends to
a. force prices up
b. force prices down
c. leave prices unchanged but cause supply to decrease
d. leave prices unchanged and cause quantity supplied to increase
the price system features
a. exchanges made in currency only
b. voluntary exchange that makes both buyers and sellers better off
c. exchanges made only on a barter basis
d. exchanges in which one party is made better off and the other party is made worse off
who benefits from price supports in agriculture
a. consumers
b. grocery store owners
c. existing farmers
d. exporters