If There Is a Surplus of a Good in a Free

question 23

Multiple Choice

If there is a surplus of a good in a free market, then it is expected that:

• A) the supply curve will shift to the right.
• B) the price in the market will fall.
• C) the quantity supplied will increase.
• D) the demand curve will shift to the left.

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Definitions:

Unconscious Anxiety

Anxiety that operates below an individual's level of awareness, influencing behaviors and feelings without conscious recognition.

Perceived Needs

Individual’s awareness and personal interpretation of necessities and requirements for well-being.

Learned Through Observation

Describes the process of acquiring knowledge or skills by watching the actions or behaviors of others.

Incongruence

A discrepancy between an individual's self-concept and their actual experience, often leading to discomfort and psychological stress.