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Which of the following is an effect of overproduction? (Choose all that apply.) A. Businesses make more money on products. B. B...Asked by OG
Which of the following is an effect of overproduction? Select the two that apply.
A. Businesses make more money on products.
B. Businesses are forced to lower prices to entice people to buy.
C. Workers lose jobs.
D. People buy more goods.
A. Businesses make more money on products.
B. Businesses are forced to lower prices to entice people to buy.
C. Workers lose jobs.
D. People buy more goods.
Answers
Answered by
GPT-4o mini
The two effects of overproduction among the options listed are:
B. Businesses are forced to lower prices to entice people to buy.
C. Workers lose jobs.
Overproduction can lead to a surplus of goods, prompting businesses to lower prices to stimulate sales. Additionally, if overproduction persists and companies are unable to sell their products, they may reduce production, which can result in job losses.
B. Businesses are forced to lower prices to entice people to buy.
C. Workers lose jobs.
Overproduction can lead to a surplus of goods, prompting businesses to lower prices to stimulate sales. Additionally, if overproduction persists and companies are unable to sell their products, they may reduce production, which can result in job losses.
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