When There Is an Excess Quantity Supplied

question 197

Multiple Choice

When there is an excess quantity supplied

• A) the market is in equilibrium.
• B) quantity demanded is greater than quantity supplied.
• C) quantity demanded is less than quantity supplied.
• D) prices will remain stable.

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Definitions:

Withdrawal

The process of discontinuing a drug or substance to which one has become dependent, often leading to a range of physical and psychological symptoms.

Melatonin

A hormone produced by the pineal gland that regulates sleep patterns by signaling the body to prepare for sleep as the environment darkens.

Hormone

Hormones are chemical messengers produced by glands in the endocrine system, traveling through the bloodstream to tissues or organs, affecting many different processes, including growth, metabolism, and mood.

Tetrahydrocannabinol

The psychoactive compound found in the cannabis plant that is responsible for most of the plant's psychological effects.