If a Surplus Exists in a Market We Know That

question 207

Multiple Choice

If a surplus exists in a market we know that the actual price is

• A) above equilibrium price and quantity supplied is greater than quantity demanded.
• B) above equilibrium price and quantity demanded is greater than quantity supplied.
• C) below equilibrium price and quantity demanded is greater than quantity supplied.
• D) below equilibrium price and quantity supplied is greater than quantity demanded.

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Definitions:

Imitation

The action of using someone or something as a model and replicating their behavior, actions, or features.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, especially regarding word order.

Morphemes

The least significant units in a language's grammar that carry meaning.

Phonemes

Basic language sounds that are essential for differentiating one word from another.