Which of the Following Statements Differentiates Between a Shortage and a Surplus

question 81

Multiple Choice

Which of the following statements differentiates between a shortage and a surplus?

• A) A shortage occurs when price is held at the equilibrium price, but a surplus occurs when price is held above the equilibrium price.
• B) A shortage occurs when price is held below the equilibrium price, but a surplus occurs when price is held at the equilibrium price.
• C) A shortage occurs when quantity supplied exceeds quantity demanded, whereas a surplus occurs when quantity demanded exceeds quantity supplied.
• D) A shortage occurs when quantity demanded exceeds quantity supplied, whereas a surplus occurs when quantity supplied exceeds quantity demanded.

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Definitions:

Blastopore

The opening of the central cavity of an embryo in the early stage of development, which can develop into the mouth or anus in different animals.

Blastocoel

The fluid-filled cavity that forms inside the blastula, an early stage in the embryonic development of animals.

Capacitation

A physiological change that sperm undergo to gain the ability to penetrate and fertilize an egg.

Allantois

An extra-embryonic membrane in birds, reptiles, and mammals that is involved in gas exchange and waste removal.