If Quantity Supplied Is Greater Than the Quantity Demanded, Then

question 97

Multiple Choice

If quantity supplied is greater than the quantity demanded, then according to the market process:

• A) the shortage exists and the price will increase to the equilibrium level.
• B) the surplus exists and the price will increase to the equilibrium level.
• C) the shortage exists and the price will decrease to the equilibrium level.
• D) the surplus exists and the price will decrease to the equilibrium level.

---

Definitions:

Everyday Intelligence

Practical intelligence that relates to daily life skills and the ability to adapt to everyday challenges.

Sternberg

Refers to Robert Sternberg, an American psychologist best known for his theory on intelligence and creativity, which includes the Triarchic Theory of Intelligence.

Average IQ Score

A statistical measure that represents the intelligence quotient of a person, where the norm is typically set at a score of 100.

Men

Adult human males.