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

question 95

Multiple Choice

If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a _______ in the market and the price will _______ .

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

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Definitions:

Scanner

A device that converts physical documents into digital format, or in retail, a tool used to read barcodes and pricing information.

Requesting More Information

The act of seeking additional details or clarification about a topic, product, or situation to make informed decisions or deepen understanding.

Objections

Concerns or reasons given by a potential customer that could hinder them from completing a purchase.

Conditions

Refers to the specific circumstances or requirements attached to something, such as a deal, agreement, or offer.