Which of the following is an effect of overproduction? Select two that apply.
(2 points)
Responses
Businesses make more money on products.
Businesses make more money on products.
Businesses are forced to lower prices to entice people to buy.
Businesses are forced to lower prices to entice people to buy.
Workers lose jobs.
Workers lose jobs.
People buy more goods.
People buy more goods.
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1 answer
The two effects of overproduction from the options provided are:
Overproduction can lead to an excess of goods in the market, causing businesses to lower prices to encourage sales, which can ultimately result in reduced profits and potential layoffs.
1 answer
11 answers
11 answers
1 answer