If There Is a Surplus of a Product, We Can

question 80

Multiple Choice

If there is a surplus of a product, we can conclude that

• A)the product's price is above equilibrium.
• B)the product's price is too low for equilibrium.
• C)quantity demanded exceeds quantity supplied.
• D)the product's price will rise.
• E)consumers want to buy more than is being made available by producers.

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Definitions:

Reciprocal

Concerning a mutual action or relationship where two or more subjects impact each other in the same way.

Tuberculosis (TB)

An infectious disease usually caused by Mycobacterium tuberculosis bacteria, primarily affecting the lungs but can spread to other organs.

Malnourishment

A condition that results from eating a diet in which nutrients are either not enough or are too much, causing health problems.

Residential Schools

Institutions that provided educational facilities while also aiming to assimilate indigenous children into the dominant culture, often with harmful effects.