A Market Surplus Occurs If the Quantity

question 97

Multiple Choice

A market surplus occurs if the quantity:

• A) demanded is greater than the quantity supplied.
• B) demanded is less than the quantity supplied.
• C) demanded is equal to the quantity supplied.
• D) supplied is less than the quantity demanded.

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Definitions:

Limited Autonomy

Refers to a situation where an individual's capacity to make independent choices is restricted by external factors or internal conditions.

Autonomy

The right or condition of self-governance, especially in moral or decision-making contexts.

Preferences

Individual choices or inclinations toward certain options over others based on personal values or desires.

Tom Regan

An American philosopher known for his work in animal rights and ethics, advocating for the intrinsic value of animal lives.