When There Is a Surplus of a Good

question 224

Multiple Choice

When there is a surplus of a good:

• A) sellers will lower the price in order to increase quantity demanded.
• B) sellers will raise the price in order to decrease quantity demanded.
• C) sellers will compete with buyers.
• D) this is an indication the buyers do not value the good.

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Definitions:

Sterile Disposable Gloves

Medical gloves that are designed to be used once and thrown away, made of materials like latex, nitrile, or vinyl, and are free from living organisms.

Paralytic Ileus

A medical condition characterized by a temporary paralysis of the intestine, halting the movement of food through the bowels.

Chronic Cathartic Abuse

The long-term overuse of laxatives, leading to dependence and potentially causing significant harm to the digestive system.

Anaesthesia

The use of medication to prevent pain during surgery by inducing a temporary state of either total or partial loss of sensation.