If a Surplus Exists in a Market, Then We Know

question 229

Multiple Choice

If a surplus exists in a market, then we know that the actual price is

• A)above the equilibrium price, and quantity supplied is greater than quantity demanded.
• B)above the equilibrium price, and quantity demanded is greater than quantity supplied.
• C)below the equilibrium price, and quantity demanded is greater than quantity supplied.
• D)below the equilibrium price, and quantity supplied is greater than quantity demanded.

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Definitions:

Cushing Syndrome

A condition caused by prolonged exposure to high levels of cortisol, leading to symptoms such as weight gain, thinning skin, and high blood pressure.

Hyperglycemia

A medical condition characterized by high levels of glucose (sugar) in the bloodstream.

Cushingoid Features

Physical signs that suggest the presence of Cushing's syndrome, such as a rounded face, fat accumulation around the midsection and upper back, and thinning arms and legs.

Diabetic Ketoacidosis

A serious diabetes complication where the body produces excess blood acids (ketones) due to lack of insulin.