When the Quantity Supplied of a Good Exceeds the Quantity

question 158

Multiple Choice

When the quantity supplied of a good exceeds the quantity demanded, there is a(n) :

• A) shortage.
• B) surplus.
• C) equilibrium.
• D) opportunity cost.

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Definitions:

Nuisance Suit

A lawsuit filed typically for a minor annoyance or disturbance, which can be public (affecting a community) or private (affecting an individual's enjoyment of property).

Marshalling Yard

A railway yard used for sorting and organizing train cars into trains.

Zoning Bylaws

Local government regulations that dictate how land within their jurisdiction can be used, impacting building types, locations, and purposes.

Nuisance

An act, condition, or thing causing inconvenience or annoyance to others, legally actionable if it affects one's use or enjoyment of their property.