When the Supply of a Commodity Exceeds the Demand

question 7

Multiple Choice

When the supply of a commodity exceeds the demand,

• A)producers raise their prices.
• B)producers lower their prices.
• C)producers ask for government subsidies.
• D)producers use tradable emissions permits.

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Definitions:

Fidgeting

The act of making small movements, especially of the hands and feet, driven by nervousness, impatience, or boredom.

Continuing Education Units (CEUs)

Continuing Education Units (CEUs) are a measure used in continuing education programs to assist professionals in maintaining their licensing and competency.

AAMA

American Association of Medical Assistants, a professional organization for medical assistants in the United States.

AMT

Automated Machine Translation involves using computer software to translate text from one language to another without human intervention.