If,at the Current Price,there Is a Surplus of a Good,then

question 153

Multiple Choice

If,at the current price,there is a surplus of a good,then

• A)sellers are producing more than buyers wish to buy.
• B)the market must be in equilibrium.
• C)the price is below the equilibrium price.
• D)quantity demanded equals quantity supplied.

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Definitions:

Afferent

Relating to or denoting nerve fibers that carry sensory information toward the central nervous system.

Efferent

Referring to nerve fibers that carry signals away from the central nervous system to the peripheral effectors, such as muscles or glands.

Midbrain

A portion of the central nervous system associated with vision, hearing, motor control, sleep/wake, arousal (alertness), and temperature regulation.

Gray Matter

The darker-colored regions of the brain and spinal cord consisting mainly of neuronal cell bodies and branching dendrites.