If the Quantity of Textbooks Supplied Is 10,000 Per Year

question 89

Multiple Choice

If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 12,000 per year, there is a ________ in the market and the price will ________.

• A) shortage; rise
• B) shortage; fall
• C) surplus; rise
• D) surplus; fall

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Definitions:

Double-Wall Steel

A construction method using two layers of steel to provide added strength, insulation, or protection against leaks or external damage.

Copper Clad

A material or board that is coated with a layer of copper, often used in the manufacturing of printed circuit boards (PCBs).

Brake Fluid

A hydraulic fluid used in brake systems to transfer force into pressure.

Master Cylinder

The main component in a vehicle's brake system that converts pedal pressure into hydraulic pressure to apply the brakes.