If There Is Surplus of a Good, Then the Quantity

question 373

Multiple Choice

If there is surplus of a good, then the quantity demanded _ _ the quantity supplied and the price will .

• A) is less than; rise
• B) is greater than; rise
• C) is greater than; fall
• D) is less than; fall

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Definitions:

Diagnosis

The identification of the nature and cause of a certain phenomenon, often used in the context of medical conditions or technical problems.

Evaluate Progress

The process of assessing the advancement or development towards achieving a specific goal, objective, or standard.

Psychological Testing

The use of standardized tests to measure an individual's mental and/or emotional functioning.

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Guidelines or principles designed to govern behavior and conduct, particularly in professional settings, to ensure fairness, integrity, and respect.