If the Quantity Supplied Exceeds the Quantity Demanded, the Market

question 97

Multiple Choice

If the quantity supplied exceeds the quantity demanded, the market price will fall until:

• A)the quantity demanded exceeds the quantity supplied.The market will then be in equilibrium.
• B)quantity demanded equals quantity supplied.The equilibrium price will then be lower than the market price.
• C)all 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:

Action Potential

A rapid rise and subsequent fall in voltage or electric potential across a cellular membrane, primarily found in neurons, that allows for the conduction of neural impulses.

Acetylcholinesterase

An enzyme that breaks down acetylcholine in the synaptic cleft, terminating the action of this neurotransmitter on muscles and nerve cells.

Acetylcholine

A neurotransmitter in both the central and peripheral nervous systems that plays a crucial role in the function of the brain and the muscles.

Postsynaptic

Relating to or occurring at the receiving end of a synapse in the nervous system where neuron-to-neuron communication takes place.