When Quantity Supplied Exceeds Quantity Demanded at the Current Market

question 220

True/False

When quantity supplied exceeds quantity demanded at the current market price, the market has a surplus, and market price will likely rise in the future to eliminate the surplus.

Understand the concept of intelligent and constructive failure and its importance in innovation.

Identify and differentiate between various causes of failure in startups (e.g., process inadequacy, deviance, inattention, lack of ability).

Recognize the role of emotional management in learning from failures.

Comprehend the significance of experimentation and feedback in the entrepreneurial process.