If the Quantity Demanded for a Product Exceeds the Quantity

question 127

Multiple Choice

If the quantity demanded for a product exceeds the quantity supplied,the market price will rise until

• A)the quantity demanded equals the quantity supplied.The product will then no longer be scarce.
• B)quantity demanded equals quantity supplied.The equilibrium price will then be greater than the market price.
• C)only wealthy consumers will be able to afford the product.
• D)quantity demanded equals quantity supplied.The market price will then equal the equilibrium price.

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Definitions:

Metric Micrometer

A precision measuring instrument used to measure very small distances, thicknesses, or diameters, calibrated in metric units.

Spindle Move

The action or process of a spindle (a rotating axis of the machine, which often holds the cutting tool) moving linearly or rotationally in a machine operation.

Hand-Threading Die

A tool used to manually cut external screw threads on rods or pipes, allowing for custom thread creation or repair.

External Threads

The spiral ridges on the outside of a fastener or pipe used for assembling or joining components.