A Surplus Exists in a Market If

question 139

Multiple Choice

A surplus exists in a market if

• A)there is an excess demand for the good.
• B)quantity demanded exceeds quantity supplied.
• C)the current price is above its equilibrium price.
• D)All of the above are correct.

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Definitions:

Short-Term Memory

The capacity for holding a small amount of information in mind in an active, readily available state for a short period of time.

Prefrontal Cortex

A region of the brain located at the front of the frontal lobes, associated with complex behaviors, decision making, and moderating social behavior.

Temporal Lobes

Areas of the cortex located along the side of the brain, starting just behind the temples, containing the neurons responsible for the sense of hearing and meaningful speech.

Short-Term Memories

The phase of memory where small amounts of information can be stored for a short period of time.