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.

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Definitions:

Market Share

The percentage of an industry's sales that a particular company controls, indicating the company's size, competitiveness, and influence in the market.

Wheelchairs

Mobility aids equipped with wheels, designed for individuals who are unable to walk or have difficulty walking.

Healthcare Products

Goods and services designed to maintain or improve health, including pharmaceuticals, medical devices, and wellness products.

Industrial Market

The sector of the economy in which businesses sell products or services to other businesses for production, not directly to consumers.