A Surplus of Cardboard Boxes Means That

question 244

Multiple Choice

A surplus of cardboard boxes means that

• A) at the current price of a cardboard box, the quantity demanded exceeds the quantity supplied.
• B) at the current price of a cardboard box, the quantity demanded is less than the quantity supplied.
• C) the current price of a cardboard box is less than the equilibrium price.
• D) at the current price of a cardboard box, the quantity demanded equals the quantity supplied and the price will fall to restore the equilibrium.
• E) More information is needed to determine if the price of cardboard boxes is higher than, lower than, or equal to the equilibrium price.

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Definitions:

Laissez-Faire

A point of view that opposes regulation of or interference with natural processes.

Provincial Government

The governing authority of a province, state, or region, typically responsible for local laws and policies within its jurisdiction.

Funding

The act of providing financial resources, typically in the form of money, or other values such as effort or time, to support a need, program, and project, usually by an organization or government.

Emile Durkheim

A foundational figure in sociology known for his work on social solidarity, the division of labor, religion, and his theory on suicide as a social phenomenon.