A Surplus Occurs Whenever

question 18

Multiple Choice

A surplus occurs whenever

• A)current price is greater than equilibrium price
• B)quantity supplied exceeds quantity demanded at the equilibrium price
• C)quantity demanded is greater than quantity supplied
• D)the problem of scarcity of a good is solved
• E)some buyers would be willing and able to pay even more for it than they have to at equilibrium

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Definitions:

Shock Absorber

A device in vehicles and machinery designed to dampen and absorb shock impulses, providing a smoother ride or operation.

Gas Exchange

The process by which oxygen is taken into the body and an exchange of carbon dioxide is expelled, primarily occurring in the lungs.

Leaf Primordia

Young, undeveloped leaves that are in the earliest stages of growth, found in the buds of plants.

Apical Meristem

Regions of rapidly dividing cells in plants located at the tips of roots and shoots, responsible for primary growth and elongation.