Which Situation Below Would Represent a Surplus in the Fertilizer

question 115

Multiple Choice

Which situation below would represent a surplus in the fertilizer market?

• A)Quantity demanded is 1.2 million;quantity supplied is 1.1 million.
• B)Market price $2.00 per bag;equilibrium price $2.25 per bag.
• C)Market price $2.50 per bag;equilibrium price $2.00.
• D)Quantity supplied this year is 25% greater than quantity supplied last year.

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Definitions:

Corporate Funds

Money or assets belonging to a corporation, managed by its officers or board for the company's purposes and objectives.

Takeover

The acquisition of one company by another.

Legal Contract

An agreement between parties that is enforceable by law, characterized by valid offer, acceptance, consideration, and mutual intent to be legally bound.

Merger

The combining of two or more companies into a single entity, often to expand market share or reduce competition.