A surplus of shoes will cause Select one a a decrease in the

A surplus of shoes will cause Select one: a. a decrease in the supply of shoes a decrease in the demand for shoes C. both a decrease in the supply of shoes and an increase in the demand for shoes d. a decrease in the price of shoes, through a shift of either the supply curve or the demand curve O e. a decrease in the price of shoes

Solution

C. The reason is surplus will led to glut. The suppliers will thus produce less. The demand will rise because due to glut prices fall