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

question 203

Multiple Choice

If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 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:

Consciousness

The quality or state of being aware of an external object or something within oneself, encompassing awareness, perceptions, and understanding.

Conscious

Being aware of and responding to one's surroundings and internal states.

Preconscious

Pertains to the part of the mind containing information that is not currently in consciousness but can be readily brought into consciousness.

Unconscious

The part of the mind that contains desires, feelings, and memories that are not easily brought into conscious awareness.