If the Quantity Demanded for a Product Exceeds the Quantity

question 127

Multiple Choice

If the quantity demanded for a product exceeds the quantity supplied,the market price will rise until

• A)the quantity demanded equals the quantity supplied.The product will then no longer be scarce.
• B)quantity demanded equals quantity supplied.The equilibrium price will then be greater than the market price.
• C)only wealthy consumers will be able to afford the product.
• D)quantity demanded equals quantity supplied.The market price will then equal the equilibrium price.

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Definitions:

Erectile Tissue

Spongy tissue that can become engorged with blood, leading to an erection of body parts like the penis, clitoris, and nipples.

Glans Penis

The rounded head (tip) of the penis, which is richly supplied with nerve endings and is highly sensitive.

Lymphatic Fluid

A clear, watery fluid that travels through the lymphatic system, carrying cells that help fight infection and disease.

Male Urethra

The tube that conveys urine from the bladder to the outside of the male body and also serves as a passage for semen during ejaculation.