If the Quantity Demanded Exceeds the Quantity Supplied, Then There

question 94

Multiple Choice

If the quantity demanded exceeds the quantity supplied, then there is

• A)a surplus and the price is above the equilibrium price.
• B)a shortage and the price is above the equilibrium price.
• C)a shortage and the price is below the equilibrium price.
• D)a surplus and the price is below the equilibrium price.

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Definitions:

Structural Changes

Alterations in an organization's internal organization, such as its design, hierarchy, or allocation of resources.

Technological Advantages

The superior benefits that an organization or society gains from the adoption and integration of new and advanced technologies.

Organisational Asset

Assets, either tangible or intangible, that contribute to an organization's ability to create value, including human resources, intellectual property, and physical assets.

Job Design

The method of arranging duties, responsibilities, and tasks into an efficient work group to improve performance and job satisfaction.