If the Quantity of Textbooks Supplied Is 10,000 Per Year

question 32

Multiple Choice

If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is
12,000 per year, there is a ________ in the market and the price will ________.

• A)shortage; rise
• B)surplus; rise
• C)shortage; fall
• D)surplus; fall

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Definitions:

Coalitions

Alliances formed between two or more parties, often for a specific purpose, to combine efforts and achieve common goals.

Actively Involved

Engaging in or participating directly and with energetic commitment.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences.

Understanding

The ability to grasp the meaning, significance, or nature of something.