Multiple Choice
When there is a surplus of snowboards,the
A) supply of snowboards is greater than the demand for snowboards.
B) quantity of snowboards demanded is greater than the quantity of snowboards supplied.
C) price rises to restore the equilibrium.
D) demand for snowboards is greater than the supply of snowboards.
E) quantity of snowboards supplied is greater than the quantity of snowboards demanded.
Correct Answer:
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