If There Is a Surplus of a Good,the Quantity Demanded

question 169

Multiple Choice

If there is a surplus of a good,the quantity demanded is ________ the quantity supplied,and the price will ________.

• A) less than; rise
• B) less than; fall
• C) greater than; rise
• D) greater than; fall
• E) equal to; fall

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Definitions:

War With Mexico

The Mexican-American War (1846-1848) was a conflict between the United States and Mexico, stemming from the U.S. annexation of Texas and disputes over territory.

Racism

Prejudice, discrimination, or antagonism directed against individuals of a different race based on the belief in racial superiority.

Harriet Beecher Stowe

An American abolitionist and author who wrote "Uncle Tom's Cabin," a novel that played a significant role in stirring anti-slavery sentiments pre-Civil War.

Uncle Tom's Cabin

An anti-slavery novel by Harriet Beecher Stowe published in 1852 that played a significant role in shaping public opinion against slavery in the United States.