The Following Question Are Based on the Following Diagram

question 59

Multiple Choice

The following question are based on the following diagram:

-For a market to exhibit excess supply

• A) demand must exceed supply.
• B) the market must be growing.
• C) demand must increase.
• D) the equilibrium price must be too high to clear the market.
• E) the actual price must be above the equilibrium price.

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Definitions:

Stable

Refers to a condition or state that is resistant to change, often used to describe equilibrium in systems or psychological conditions.

Global Factor

An overarching element or influence that affects multiple aspects or areas simultaneously.

Severe Depression

A significant mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, significantly impairing daily functioning.

Internal

Refers to something situated on the inside or occurring within an entity or organization.