The Following Graph Shows the Demand (QD) and Supply (QS)

question 90

Multiple Choice

The following graph shows the demand (QD) and supply (QS) curves in the market for good X. Refer to the graph to answer the question: At a market price of £20, _____.

• A) the quantity supplied in the market is equal to 200 units
• B) the seller is willing to supply more than what the consumers are willing to buy
• C) the seller will reduce the price until the excess stock is sold
• D) there is a shortage of good X

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Definitions:

Outermost Layer

The external surface or the topmost layer of an object or entity.

Ectoderm

The outermost layer of cells or tissue of an embryo in early development, from which the skin, brain, and nervous system develop.

Mesoderm

The middle layer of an embryo in early development, which gives rise to muscles, bones, and circulatory and excretory systems.

Germinal Period

The initial two weeks of prenatal development after conception, characterized by rapid cell division and the beginning of cell differentiation.