Multiple Choice
When there is a surplus of snowboards, the
A) price rises to restore the equilibrium.
B) demand for snowboards is greater than the supply of snowboards.
C) supply of snowboards is greater than the demand for snowboards.
D) quantity of snowboards supplied is greater than the quantity of snowboards demanded.
E) quantity of snowboards demanded is greater than the quantity of snowboards supplied.
Correct Answer:
Verified
Related Questions
Q19: Q20: As a falling price eliminates a surplus Q22: Which of the following shifts the supply Q23: During 2008 the supply of gasoline decreased Q25: The law of demand refers to how
A)demand
