Which of the Following Will Tend to Occur When a Surplus

question 362

Multiple Choice

Which of the following will tend to occur when a surplus exists in a market?

• A) supply will increase and demand will decrease until the surplus disappears.
• B) supply will decrease and demand will increase until the surplus disappears.
• C) the price will tend to rise over time.
• D) the price will tend to decrease over time.

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Definitions:

Mental Age

A measure of an individual's cognitive ability compared to the average cognitive ability for that individual's actual age.

Intellectually Impaired

A term describing individuals who have significant limitations both in intellectual functioning and in adaptive behavior.

Intelligence Quotient

A measure of a person's intellectual abilities relative to others, typically expressed as a numerical score.

Binet Quotient

A historical measure of intelligence, calculated by dividing an individual's mental age by their chronological age and multiplying by 100.