How Do Price Adjustments Eliminate a Surplus

question 173

Multiple Choice

How do price adjustments eliminate a surplus?

• A) As price rises, quantity demanded decreases and quantity supplied increases.
• B) As price rises, quantity demanded increases and quantity supplied decreases.
• C) As price falls, quantity demanded decreases and quantity supplied increases.
• D) As price falls, quantity demanded increases and quantity supplied decreases.
• E) None of the above are true.

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Definitions:

Return Statement

A part of a function or method that specifies the data to be sent back to the caller.

Void Methods

Methods in programming that do not return a value to the caller.

Return Statements

Instructions used in methods to exit the method and optionally return a value to the caller.

Method Heading

The part of a method declaration in programming that includes the method name, return type, and parameters.