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If a car company introduces a new model car at a price that most consumers are unwilling to pay which creates excess supply, what will happen to the price of that car?

If a car company introduces a new model car at a price that most consumers are unwilling to pay which creates excess supply, what will happen to the price of that car?
asked 155k views
1 vote
If a car company introduces a new model car at a price that most consumers are

unwilling to pay which creates excess supply, what will happen to the price of that car?

asked
User Jouni Kantola
by
8.6k points

1 Answer

2 votes

Answer:

it's sure that car price will increase

answered
User Yurez
by
8.5k points
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