Which of the Following Statements Is False

question 195

Multiple Choice

Which of the following statements is false?

• A) At equilibrium in a market,scarcity does not exist.
• B) If there is a shortage of 100 units at a price of $2 per unit,the shortage will be greater than 100 units at a price of $1 per unit.
• C) If there is a surplus of 30 units at a price of $3,the surplus will be less than 30 units (or even nonexistent)at a price of $2.
• D) If there is a surplus,suppliers will not be able to sell all they had hoped to sell at a particular price.

---

Definitions:

Liberal Agenda

A political ideology focusing on expanding individual rights and equality, often associated with progressive policies on social and economic issues.

Watergate Scandal

A political scandal in the early 1970s in the United States, involving President Richard Nixon's administration's attempt to cover up its involvement in the break-in at the Democratic National Committee headquarters.

Political Adversary

An individual or group that holds opposing political views or interests, often competing for power or influence.

Liberals

Individuals or groups advocating for progressive reforms, freedom, and equality in social, political, and economic spheres.