Which of the Following Is True for a Market That

question 133

Multiple Choice

Which of the following is true for a market that clears?

• A) An excess supply of anything traded will lead to a fall in its price.
• B) An excess demand of anything traded will lead to a fall in its price.
• C) An excess supply of anything traded will lead to a rise in its price.
• D) An excess demand of anything traded will not lead to a price change.
• E) A high price will lead to a high demand.

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Definitions:

Excessive Rate

A rate that is significantly higher than what is considered normal or acceptable.

Depth of Breathing

Refers to the extent of thoracic expansion and diaphragm movement during inhalation, affecting the volume of air taken into the lungs.

Celsius

A temperature scale where water turns to ice at 0 degrees and reaches boiling point at 100 degrees, given normal atmospheric conditions.

Fahrenheit

A scale of temperature where water freezes at 32 degrees and boils at 212 degrees under standard conditions.