The Condition Where Firms Do Not Want to Sell as Many

question 52

Multiple Choice

The condition where firms do not want to sell as many as consumers want to buy is called

• A)a shortage.
• B)a surplus.
• C)an equilibrium.
• D)a market collapse.

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Definitions:

Anal Sphincter

A circular muscle that surrounds the anus, controlling the passage of feces out of the body through the anal opening.

Salivary Glands

Glands located in the mouth that produce saliva, aiding in digestion and keeping the mouth moist.

Gallbladder

An organ that stores bile produced by the liver, releasing it into the small intestine to aid in digestion.

Duodenum

The first section of the small intestine immediately beyond the stomach, where most chemical digestion takes place.