A Surplus of a Good Could Possibly Be Eliminated By

question 121

Multiple Choice

A surplus of a good could possibly be eliminated by:

• A) the removal of a price floor.
• B) the removal of a price ceiling.
• C) a sufficient decrease in demand keeping price constant.
• D) a sufficient increase in supply keeping price constant.

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Definitions:

Capital Contribution

A financial investment made by an owner or shareholder into a company or partnership to fund its operations or projects.

LLCs

Limited Liability Companies, a business structure in the United States where the owners are not personally liable for the company's debts or liabilities.

First Nation

A term used in Canada to denote indigenous peoples, primarily those formerly referred to as "Indians."

Passive Investors

Investors who take a long-term strategy, typically relying on index funds or ETFs, avoiding frequent trading.