If Aggregate Quantity Demanded Is Greater Than Aggregate Quantity Supplied

question 12

Multiple Choice

If aggregate quantity demanded is greater than aggregate quantity supplied at a particular price level,then

• A) consumers will bid prices upward,and a greater quantity of output will be supplied.
• B) the shortage will likely be eliminated.
• C) a and b
• D) none of the above

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Definitions:

Appendicular Skeleton

The portion of the skeleton that includes the bones of the limbs and the supporting bone girdles (pectoral and pelvic) that connect them to the central body, or axial, skeleton.

Limbs

Extremities of the body used for movement and interaction with the environment, such as arms and legs in humans.

Girdles

Structures that connect the limbs to the axial skeleton, including the pelvic girdle and shoulder girdle.

Rib Cage

The set of bones surrounding the chest that protects the heart and lungs.