« previous next »

Author Question: A surplus means that the quantity supplied is greater than the quantity demanded at the prevailing ... (Read 86 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jun 30, 2018
A surplus means that the quantity supplied is greater than the quantity demanded at the prevailing price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Suppose the market price of a good X is below the equilibrium price. The result is a shortage and sellers can be expected to decrease the quantity of that good X supplied.
 a. True
  b. False
  Indicate whether the statement is true or false


ktidd

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Greater sage grouse Greater sage grouse
Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
Patient Information Supplied When Scheduling Hospital Admissions Patient Information Supplied When Scheduling Hospital Admissions
The more air and fuel that can be packed in a cylinder, the greater the density of the air–fuel ... The more air and fuel that can be packed in a cylinder, the greater the density of the air–fuel ...
This living protozoan is the common Paramecium multimicronucleatum that moves by means of its numero This living protozoan is the common Paramecium multimicronucleatum that moves by means of its numero
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library