If a Surplus Exists in a Market, Then

question 1

Multiple Choice

If a surplus exists in a market, then

• A)Price is above market equilibrium and quantity demanded is less than quantity supplied
• B)Price is below market equilibrium and quantity demanded is less than quantity supplied
• C)Price is above market equilibrium and quantity demanded is greater than quantity supplied
• D)Price is below market equilibrium and quantity demanded is greater than quantity supplied

---

Definitions:

Lvalue

A location value, representing an object that occupies some identifiable location in memory (such as a variable), which can be assigned a value.

Assignment Operator

The operator (=) used to assign a value to a variable in programming.

Garbage Value

An undefined or meaningless value that a variable can have, due to uninitialized memory or memory leaks.

Postfix Increment

An operator used to increase the value of a variable by one, but the evaluation takes place after the current statement's value is accessed.