If the Quantity Supplied in a Market Exceeds the Quantity

question 29

Multiple Choice

If the quantity supplied in a market exceeds the quantity demanded in a market, we would expect price to:

• A) stay the same.
• B) increase.
• C) decrease.
• D) rise in order to clear the market.

---

Definitions:

Forward-looking

Thinking about and planning for the future, rather than focusing on the past or present.

Culturally Diverse Team

A group of individuals working together who come from a variety of different cultural backgrounds, enhancing creativity and innovation.

Cross-functional Team

A group composed of members from different departments or areas of expertise within an organization, working together towards a common goal.

Developing Offerings

The process of designing, creating, and introducing new products or services to meet the needs of the market or specific customer segments.