If the Quantity of Textbooks Supplied Is 10,000 Per Year

question 447

Multiple Choice

If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a ____________in the market and the price will _________.

• A) surplus; fall
• B) shortage; rise
• C) shortage; fall
• D) surplus; rise

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Definitions:

Enema

A procedure in which liquid or gas is injected into the rectum to expel its contents or to introduce drugs or permit X-ray imaging.

Prescription

A written order from a healthcare professional authorizing a patient to be provided a medicine or treatment.

Narcotic

A drug affecting the mood or behavior and often used for pain relief or as a sleep aid, which can also be potentially addictive.

Ointment

A smooth, greasy substance applied to the skin for healing or cosmetic purposes.