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A Surplus of Wheat

Question 232

Multiple Choice

A surplus of wheat:


A) is impossible if people are hungry.
B) is impossible if the price of wheat is below equilibrium.
C) will result when the quantity demanded exceeds the quantity supplied at the current price.
D) is unlikely to cause any change in the price of wheat.
E) indicates that the problem of scarcity of wheat has been solved.

Correct Answer:

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