A Surplus Exists

question 61

Multiple Choice

A surplus exists

• A) in equilibrium.
• B) when quantity supplied is greater than quantity demanded.
• C) when quantity supplied is less that quantity demanded.
• D) at the market clearing price.

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Definitions:

Translation Gain

Translation gain arises when the exchange rate changes favorably while converting foreign currency transactions or financial statements into the reporting currency.

Exchange Rate

The price of one country's currency in terms of another currency, affecting international trade and finance transactions.

Cash Flows

refers to the in and out movement of cash and cash equivalents within a business.