If There Is Excess Demand in a Market, Then This

question 148

Multiple Choice

If there is excess demand in a market, then this suggests that:

• A)there is no way to help some people without harming others.
• B)there is an opportunity for mutually beneficial trades.
• C)the market price is above the equilibrium price.
• D)the market is in equilibrium.

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Definitions:

Midline

An imaginary line that divides the body into equal right and left halves.

Tasteless

Lacking flavor or not having any taste, often used to describe food or substances without a discernible taste.

Odorless

Lacking a detectable smell.

Liquid

A substance that flows freely but is of constant volume, having a consistency like that of water or oil.