What Happens When There Is a Surplus in a Market

question 244

Multiple Choice

What happens when there is a surplus in a market?

• A)There is upward pressure on price.
• B)There is downward pressure on price.
• C)The market could still be in equilibrium.
• D)There are too many buyers chasing too few goods.

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Definitions:

Symbolic Form

expressing concepts or ideas through symbols or a symbolic language, often used in logic and mathematics to convey complex information efficiently.

Truth Table

A mathematical table used in logic to determine the truth value of a logical expression based on the truth values of its inputs.

Symbolic Form

The representation of ideas, objects, or processes through symbols or a symbolic language, often used in mathematics, logic, and philosophy.

Truth Table

A table that shows all possible truth values of a logical expression based on the truth values of its components.