Assume There Is a Surplus in the Market for Hybrid

question 29

Multiple Choice

Assume there is a surplus in the market for hybrid automobiles.Which of the following statements correctly describes this situation?

• A)The supply of hybrid automobiles is greater than the demand for hybrid automobiles.
• B)Some consumers will be unable to obtain hybrid automobiles at the market price and will have an incentive to offer to buy the product at a higher price.
• C)The price of hybrid automobiles will fall in response to the surplus;as the price falls the quantity demanded will increase and the quantity supplied will decrease.
• D)The surplus will cause an increase in the equilibrium price of hybrid automobiles.

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Definitions:

Genuineness

The quality of being open, honest, and sincere in one’s interactions, characterized by a real and tangible expression of one’s feelings and thoughts.

Orientation Stage

The initial phase in a process or relationship where individuals get familiar with tasks, environments, or each other.

Nurse-Patient Relationship

The professional, therapeutic connection and interaction between nurses and their patients.

Rapport

Rapport is a positive, mutual connection or relationship characterized by trust, empathy, and understanding that is developed between people.