When Quantity Demanded Exceeds Quantity Supplied,a

question 128

Multiple Choice

When quantity demanded exceeds quantity supplied,a:

• A) shortage occurs and prices are bid up toward equilibrium.
• B) shortage occurs and prices are pushed down toward equilibrium.
• C) surplus occurs and prices are bid up toward equilibrium.
• D) surplus occurs and prices are pushed down toward equilibrium.

---

Definitions:

Affinity Laws

Mathematical equations that describe the relationship between variables such as flow, pressure, and power across fans, pumps, and other fluid dynamic systems.

Motor Speed

The rate at which an electric motor's shaft rotates, typically measured in revolutions per minute (RPM).

Pump

A mechanical device that moves fluids (liquids or gases), or sometimes slurries, by mechanical action.

V/F Principle

The principle that states the ratio of voltage to frequency (V/F) should remain constant for AC drives to maintain torque.