When Quantity Supplied Is Greater Than Quantity Demanded, Prices Tend

question 7

Multiple Choice

When quantity supplied is greater than quantity demanded, prices tend to:

• A) fall.
• B) rise.
• C) stay the same.
• D) remain constant until the next season.

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Definitions:

Gustatory

Relating to the sense of taste and the perception of flavors.

Vestibular

Related to the inner ear system responsible for balance and spatial orientation.

Fast Fibers

Sensory receptors in skin, muscles, organs, and membranes around both bones and joints; these myelinated fibers quickly convey intense sensory input to the brain, where it is perceived as sharp, immediate pain.

Slow Fibers

Sensory receptors in skin, muscles, organs, and membranes around both bones and joints; these unmyelinated fibers slowly convey intense sensory input to the brain, where it is perceived as chronic, dull, steady pain.