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:

Vertebral Artery

A major artery that supplies blood to the posterior part of the brain, passing through the transverse foramina of the cervical vertebrae.

Great Saphenous Vein

The longest vein in the body, running along the length of the lower leg and thigh, and often used in coronary artery bypass surgery.

Hepatic Portal Vein

A large vein that carries nutrient-rich blood from the digestive organs to the liver for processing.

Basilic Vein

A large vein located on the inner side of the upper arm and forearm, often used for intravenous injections or blood draw.