If the Quantity Demanded of a Good Is Greater Than

question 162

Multiple Choice

If the quantity demanded of a good is greater than the quantity supplied of the good at the current price,then

• A)Price will increase until it reaches the equilibrium price.
• B)The demand curve will shift to the left to create equilibrium.
• C)The supply curve will shift to the right to create equilibrium.
• D)There is a surplus of the good.

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Definitions:

Circadian Rhythm

The internal biological clock that regulates the sleep-wake cycle and other physiological processes within a roughly 24-hour period.

Restless

A state of inability to remain still or at ease, often due to anxiety, boredom, or nervousness.

Selective Attention

The cognitive process of focusing on a specific aspect of information while ignoring other perceivable information.

Distracted

A state of reduced concentration or diverted attention away from the primary task or subject.