"Excess Demand" Can Also Be Described as

question 14

Multiple Choice

"Excess demand" can also be described as

• A)quantity demanded exceeding quantity supplied.
• B)excess supply.
• C)the area to the right of the equilibrium price on a supply and demand diagram.
• D)quantity supplied exceeding quantity demanded.
• E)the area to the left of the equilibrium price on a supply and demand diagram.

---

Definitions:

Form Utility

The value added to goods through a change in form, shape, or appearance, to make them more useful or appealing.

Raw Materials

Basic substances in their natural, modified, or semi-processed states, used as inputs to a production process for manufacturing finished goods.

Quality Control

A process through which a business seeks to ensure that product quality is maintained or improved and manufacturing errors are reduced or eliminated.

Visual Inspection

The process of examining objects, components, or materials for defects using human sight, sometimes assisted by optical instruments.