If a Surplus Exists in a Market, Then the Actual

question 20

Multiple Choice

If a surplus exists in a market, then the actual price is:

• A)above the equilibrium price and quantity supplied is greater than quantity demanded.
• B)above the equilibrium price and quantity demanded is greater than quantity supplied.
• C)below the equilibrium price and quantity demanded is greater than quantity supplied.
• D)below the equilibrium price and quantity supplied is greater than quantity demanded.
• E)equal to the equilibrium price and quantity supplied is equal to quantity demanded.

---

Definitions:

On Campus

Pertaining to the physical grounds of a college or university.

Marketing Collateral

Materials used to support the sales and marketing of a product or service, such as brochures, flyers, and websites.

Résumé

A brief document summarizing an individual’s employment history, education, skills, and other qualifications for a job application.

Screening Résumé

The process of reviewing resumes to select potential candidates that meet specific job criteria.