A Surplus Will Occur in a Market If

question 24

Multiple Choice

A surplus will occur in a market if:

• A) the quantity supplied at a given price exceeds the quantity demanded at that price.
• B) the quantity demanded at a given price is less than the quantity supplied at that price.
• C) there are not enough sellers at the prevailing price.
• D) there are too many buyers at the prevailing price.

---

Definitions:

Situational Analysis

The process of identifying internal and external factors that can affect an organization's performance, often as a part of strategic planning.

Data Warehouse

A centralized repository of integrated data from one or more disparate sources, used for reporting and data analysis.

Data Depot

A central storage location for large volumes of data, often used for processing, analyzing, and accessing big data sets.

Marketing Data

Information collected from various sources that highlights trends, patterns, and other insights crucial for making marketing decisions.