Figure 3-6 -Which of the Following Is Evidence of a Surplus of a Surplus

question 168

Multiple Choice

Figure 3-6
-Which of the following is evidence of a surplus of bananas?

• A) Firms raise the price of bananas.
• B) The price of bananas is lowered in order to increase sales.
• C) The equilibrium price of bananas rises due to an increase in demand.
• D) The quantity demanded of bananas is greater than the quantity supplied.

---

Definitions:

Worldwide

The term worldwide refers to something that is present, occurring, or available in all parts of the world or spanning the globe.

Food and Drug Administration

A federal agency of the United States Department of Health and Human Services responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, medical devices, and veterinary products.

Public Health Service

A government or statutory body's activities and policies designed to promote the health and well-being of its population.

Legislation

Laws and statutes proposed and enacted by a government's legislative body to regulate, authorize, sanction, grant, declare, or restrict.