A Surplus Exists in a Market If

question 139

Multiple Choice

A surplus exists in a market if

• A)there is an excess demand for the good.
• B)quantity demanded exceeds quantity supplied.
• C)the current price is above its equilibrium price.
• D)All of the above are correct.

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Definitions:

Kinesics

Study of human movement and gesture.

Haptics

The study and use of touch and its effects in communication and interaction between people or with technology.

Proxemics

Study of how close or far away from people and objects people position themselves.

Territorial Marker

Objects or signals that individuals use to indicate ownership or dominance over a certain area or space.