A(n)________ Occurs When the Quantity Supplied Exceeds the Quantity Demanded

question 44

Multiple Choice

A(n) ________ occurs when the quantity supplied exceeds the quantity demanded.

• A) demand deficit
• B) shortage
• C) surplus
• D) overage

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Definitions:

Older Workers

Individuals in the workforce who are near or beyond the customary retirement age, often valued for their experience and work ethic.

Age Discrimination

The unequal treatment of individuals due to their age, particularly in employment settings.

Mean

A statistical measure representing the average value of a set of numbers.

Distribution

The process by which goods or services are spread or made available to consumers or through which phenomenon are spread across a population or area.