​A Surplus in a Market Exists When There Is an Excess

question 114

True/False

​A surplus in a market exists when there is an excess quantity demanded.

---

Definitions:

Lewis Terman

An American psychologist best known for his revision of the Stanford-Binet IQ test and for his longitudinal studies on gifted children.

Intelligence Tests

Assessments designed to measure a person's cognitive abilities and potential.

Correlation

A statistical measure that describes the extent to which two variables change together, but not necessarily cause one another.

Racial Prejudice

Biased attitudes or unfair treatment toward individuals or groups based on their race or ethnicity.