If Quantity Demanded Is Greater Than Quantity Supplied, Then According

question 79

Multiple Choice

If quantity demanded is greater than quantity supplied, then according to the market process:

• A) an excess supply exists.
• B) the market is in equilibrium.
• C) the price will rise.
• D) the supply curve must be vertical.
• E) there will be no tendency for the situation to change.

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Definitions:

Business Products

Goods and services that are purchased by organizations for use in the production of other goods and services, for resale, or for general business operations.

B2C Products

Goods and services offered by businesses directly to the end consumer for personal use.

B4B Products

Products or services that are specifically designed and sold by businesses to other businesses rather than individual consumers, focusing on meeting the specialized needs of organizations.

BOB Products

Black on Black products, emphasizing goods designed and marketed specifically to appeal to a Black audience.