A Surplus of Wheat

question 71

Multiple Choice

A surplus of wheat:

• A) is impossible if people are hungry.
• B) is impossible if the price of wheat is below equilibrium.
• C) will result when the quantity demanded exceeds the quantity supplied at the current price.
• D) is unlikely to cause any change in the price of wheat.

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Definitions:

Following Forces

Relates to the factors or influences that drive or shape the direction of trends, movements, or behaviors in a society or field.

Mechanistic Organization

A form of organization characterized by rigid hierarchies, high levels of formalization, and centralized decision-making, often seen in traditional, large-scale businesses.

Organic Design

A design philosophy that promotes harmony between the natural environment and human habitation, often emphasizing sustainability and fluidity.

Status Quo

The existing state or condition of affairs, often used in the context of resisting change.