When Quantity Supplied Is Greater Than Quantity Demanded,there

question 149

Multiple Choice

When quantity supplied is greater than quantity demanded,there

• A)is a shortage.
• B)is a surplus.
• C)may be either a shortage or a surplus.
• D)may be neither a shortage or a surplus.

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Definitions:

Savings Market

The financial market where savings are channeled from individuals or entities with surplus funds to those who need funds for investment.

Investment

The allocation of resources, such as capital or time, in the expectation of generating an income or profit.

Certificate Of Investment

A financial document representing a deposit with a specified interest rate and maturity date, often issued by banks.

Bond

A contract between a borrower and a lender, in which the borrower agrees to pay the loan at some time in the future. Some bonds also make regular, constant payments once or twice a year.