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:

Fossil Record

The collection of fossils, which are the preserved remains or traces of animals, plants, and other organisms from the remote past.

Cellular Respiration

The metabolic process by which cells produce energy, typically in the form of ATP, by oxidizing organic compounds, primarily glucose, using oxygen.

Electron Transport Chain

A sequence of electron carriers in the mitochondria that transfers electrons from donors to acceptors, releasing energy used to produce ATP.

NADH

Nicotinamide adenine dinucleotide (reduced form), a coenzyme involved in the electron transport chain, crucial for ATP production in cells.