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2. Which of the following is a tactic to alleviate excess demand? Group of answer choices...

2. Which of the following is a tactic to alleviate excess demand? Group of answer choices

1. Reducing the price of the good.

2. Renting the factory space to local clubs.

3. Offering a sales promotion.

4. Increasing the price of the good.

5. All of the above are ways to alleviate excess demand.

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Homework Answers

Answer #1
  1. Reducing the price would increase the quantity demanded and therefore will not help in alleviating the excess demand
  2. Renting factories will only reduce supply and thereby increase the excess demand not alleviate it
  3. Offering sales promotion will cause more people to demand the product and therefore increase the excess demand not alleviate it
  4. Increasing the price will lower the quantity demanded and therefore help in curbing the excess demand, So this is the right option
  5. As first 3 options are no alleviating excesss demand this option is incorrect.
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