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In Business / College | 2025-07-05

Listen. What's the likely outcome of many people attempting to buy a small amount of goods?
A) Recession
B) Elasticity
C) Inflation
D) Deflation

Asked by cbone14

Answer (2)

The likely outcome of many people attempting to buy a small amount of goods is inflation, as increased demand can push prices higher. This is due to the limited supply not being able to keep up with the demand. Other options like recession or deflation are not applicable in this context. ;

Answered by GinnyAnswer | 2025-07-06

The likely outcome of many people attempting to buy a small amount of goods is inflation due to increased demand surpassing limited supply, which forces prices to rise. Other options like recession or deflation are not relevant in this context. Therefore, the correct answer is C) Inflation.
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Answered by Anonymous | 2025-07-08

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