When Quantity Supplied Is Greater Than Quantity Demanded

question 79

Multiple Choice

When quantity supplied is greater than quantity demanded

• A)there is excess demand that is not being satisfied.
• B)price will rise until it gets back to equilibrium.
• C)price will fall until it gets back to equilibrium.
• D)the market is in equilibrium.

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Definitions:

Retroactive Interference

A phenomenon in memory where newly learned information interferes with and disrupts the recall of previously learned information.

Misinformation Effect

A cognitive bias in which people's memories of an event can be influenced by misleading information presented after the event.

Sensory Memory

The shortest-term element of memory, where sensory information is retained for a very short period of time, usually less than a second.

Echoic Memory

A subtype of sensory memory that retains audio information, allowing individuals to recall sounds and words in a precise manner shortly after the sounds are heard.