When the Quantity Demanded Exceeds the Quantity Supplied,a(n)________ Will Result

question 197

Multiple Choice

When the quantity demanded exceeds the quantity supplied,a(n) ________ will result.

• A) demand deficit
• B) surplus
• C) equilibrium point
• D) shortage

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Definitions:

Happiness

Happiness is a state of well-being and contentment characterized by positive emotions ranging from contentment to intense joy.

Optimum Arousal Theory

A psychological concept suggesting that individuals perform best with a certain level of arousal, which varies from one person to another.

James-Lange Theory

A theory of emotion suggesting that physiological arousal precedes and causes the subjective experience of emotion.

Emotion

A complex psychological state involving an individual's subjective experience, physiological response, and behavioral or expressive response.