If Quantity Supplied Exceeds Quantity Demanded, There Is a Tendency

question 40

Multiple Choice

If quantity supplied exceeds quantity demanded, there is a tendency for:

• A) price to fall to restore equilibrium.
• B) price to rise to restore equilibrium.
• C) the demand curve to shift to the left to restore equilibrium.
• D) the demand curve to shift to the right to restore equilibrium.

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Definitions:

Duty of Care

The legal obligation to avoid acts or omissions that could foreseeably harm others, commonly applied in negligence cases.

Defective Product

An item that lacks the safety someone would reasonably expect, posing potential risks of injury or malfunction.

Plaintiff's Claim

A plaintiff's claim is a formal accusation or allegation made in a court by the plaintiff, starting legal proceedings against the defendant.

Tort

A legal wrong or infringement of a right leading to civil legal liability.