From a Point of Equilibrium, Which of the Following Would

question 47

Multiple Choice

From a point of equilibrium, which of the following would most likely result in a surplus?

• A) If demand shifted to the right
• B) If the government kept the price greater than the equilibrium price
• C) If supply shifted to the left
• D) If the government kept the price below the equilibrium price
• E) If the quantity demanded was greater than the quantity supplied

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Definitions:

Service Quality

The measurement of how well a service meets or exceeds the expectations of customers, often considered essential for customer satisfaction and loyalty.

Customer Expectations

The set of assumptions or beliefs about what services or products a company will provide and how they will be delivered, which influence customer satisfaction.

Organizational Metrics

Quantitative measures used to assess and track the performance and effectiveness of an organization.

Satisfied Customers

Individuals who have purchased a product or service and have their expectations met or exceeded by the experience.