If There Is a Surplus of a Good,the Quantity Demanded

question 121

Multiple Choice

If there is a surplus of a good,the quantity demanded is ________ the quantity supplied and the price will ________.

• A)less than;fall
• B)less than;rise
• C)equal to;fall
• D)greater than;rise
• E)greater than;fall

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Definitions:

Slavery In California

The practice of slavery in California, particularly complex given the state's history and the different legal statuses of slavery and indentured servitude.

Chinese Immigrants

Individuals from China who have relocated to another country, historically significant for their large-scale migration during the 19th and early 20th centuries.

California Residents

Individuals who live in California, the most populous state in the United States, known for its diverse geography and significant economic contributions.

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A group of Native American tribes originally inhabiting the southwestern United States, known for their distinct cultures and histories.