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Author Question: If a surplus of a product currently exists in the market, a. the market price is too low. b. the ... (Read 64 times)

beccaep

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on: Jun 30, 2018
If a surplus of a product currently exists in the market,
 a. the market price is too low.
  b. the quantity demanded exceeds the quantity supplied at the current price.
  c. the quantity supplied exceeds the quantity demanded at the current price.
  d. there is a shortage of the product.
  e. there will be a tendency for the price to rise.

Question 2

A surplus means a(n):
 a. excess demand for this product.
  b. situation where the current market price is too low.
  c. situation where the quantity demanded exceeds the quantity supplied.
  d. situation where the quantity supplied is less than the quantity demanded.
  e. excess supply of the product at the current price.


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poopface

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


beccaep

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

steff9894

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  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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