If There Is Surplus of a Good, Then the Quantity

question 462

Multiple Choice

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

• A) is less than; rise
• B) is less than; fall
• C) is greater than; rise
• D) is greater than; fall

---

Definitions:

Time-Driven

A method or process that is organized or activated based on specific time intervals or schedules.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities and resources consumed in the production process.

Tech Support

Assistance provided by companies to consumers facing technical problems or issues with electronic devices or software.

Time-Driven

Refers to activities or systems where performance or output is measured in relation to the amount of time taken to complete them.