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:

Informed Consent

A legal and ethical requirement where a participant agrees to partake in research after understanding its risks and benefits.

Potential Benefits

The possible advantages or positive outcomes that may result from a specific action, project, or research.

Humanitarian Benefits

Positive impacts or aid provided to individuals or communities in crisis, aimed at saving lives, alleviating suffering, and maintaining human dignity.

Ethical Rule

Guidelines or principles designed to guide conduct or decision-making in moral or ethical dilemmas.