Complete the Following Sentence.A Surplus

question 150

Multiple Choice

Complete the following sentence.A surplus

• A)exists if the price is above the equilibrium price.
• B)is the amount by which the quantity demanded exceeds the quantity supplied.
• C)is the amount by which the quantity demanded exceeds the equilibrium quantity.
• D)is the amount by which the quantity supplied exceeds the equilibrium quantity.
• E)will lead to rising prices.

Understand the factors that influence the definition and creation of news.

Recognize the diversity of practices and conventions in media work.

Comprehend the concept and significance of objectivity in journalism.

Identify the roles of different professionals within media organizations.

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Definitions:

Automatic Merchandising

A retailing strategy that involves the use of self-service and vending machines for selling products directly to customers.

Direct Selling

A sales strategy in which products are marketed directly to consumers, bypassing traditional retail locations.

Merchant Wholesalers

Businesses that buy goods in large quantities from manufacturers or importers and sell them to retailers or other businesses, but not to the general public.

Inventories

Quantities of goods a company holds for the purpose of sale or production, typically reported as a current asset on a balance sheet.