If There Is Surplus of a Good, Then the Quantity

question 462

Multiple Choice

If there is surplus of a good, then the quantity demanded ________ the quantity supplied and the price will ________.

• A) is less than; rise
• B) is less than; fall
• C) is greater than; rise
• D) is greater than; fall

---

Definitions:

President's Salaries

Compensation or wage paid to the president of a company, often reflecting their role's responsibility and level of professional experience.

Depreciation

The planned allocation of a physical asset's cost over the time it remains useful.

Merchandising Business

A type of business that purchases finished goods and sells them to consumers, typically at a retail level.

Revenue Account

An account that records the income a company generates from its normal business operations.