The term "surplus" refers to a:
A) situation in which the quantity supplied is less than the quantity demanded.
B) situation in which the quantity demanded is less than the quantity supplied.
C) market that sells secondary goods.
D) signal that producers need to increase the price of the good.
Correct Answer:
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Q126: The term "shortage" refers to a:
A) situation
Q127: Consider a market that is in equilibrium.If
Q128: A shortage will occur if:
A) the quantity
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