If Aggregate Quantity Supplied Is Greater Than Aggregate Quantity Demanded

question 68

Multiple Choice

If aggregate quantity supplied is greater than aggregate quantity demanded at a particular price level,then a

• A) shortage exists and consumers will bid the price level up.
• B) surplus exists and consumers will bid the price level up.
• C) surplus exists and the price level will decline.
• D) shortage exists and the price level will decline.
• E) c and d

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Definitions:

Atomic Nucleus

The atomic nucleus is the small, dense region at the center of an atom, composed of protons and neutrons, and is the core where most of an atom's mass is concentrated.

Ionizing Power

The ability of a chemical element or electromagnetic radiation to ionize atoms or molecules by altering their charge through the removal or addition of electrons.

Beta Particles

High-energy, high-speed electrons or positrons emitted by certain types of radioactive nuclei during radioactive decay.

Beta Emission

A type of radioactive decay where a beta particle (an electron or positron) is emitted from an atomic nucleus.