A Surplus Exists in the Market When

question 42

Multiple Choice

A surplus exists in the market when

• A)the quantity demanded exceeds the quantity supplied.
• B)supply and demand are equal.
• C)the quantity demanded is less than the quantity supplied.
• D)the equilibrium price is too low.
• E)the supply curve has shifted to the left.

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Definitions:

Disturbances

Interruptions or disruptions to the normal or expected state of things, often causing chaos or unrest.

Formal Networks

The transmission of messages established and approved by the organizational hierarchy.

Grapevines

Informal channels of communication within an organization, often characterized by rumors or unverified information.

Gossip Chains

A type of communication that occurs when one individual creates and spreads untrue or inaccurate information through the organization.