A Surplus Indicates That the Quantity Demanded Is Greater Than

question 68

True/False

A surplus indicates that the quantity demanded is greater than the quantity supplied at that price.

---

Definitions:

Esoteric Sects

Religious or spiritual groups with teachings that are meant to be understood and followed by a specific inner circle of initiated members, often emphasizing mystical, occult, or secretive traditions.

Jomon Culture

A prehistoric Japanese culture known for its early pottery, roughly dating from 14,000 BC to about 300 BC, characterized by cord-patterned pottery.

Kofun Period

A period in the history of Japan, from about the 3rd to the 7th century AD, noted for the construction of large tumulus graves or kofun.

Keyhole

A small opening in a door or lock that receives the key for locking and unlocking, often symbolic of privacy, secrecy, or mystery.