A surplus of wheat:
a. is impossible if people are hungry.
b. is impossible if the price of wheat is below equilibrium.
c. will result when the quantity demanded exceeds the quantity supplied at the current price.
d. is unlikely to cause any change in the price of wheat.
e. indicates that the problem of scarcity of wheat has been solved.
Question 2
The price of a good will fall if:
a. there is an excess demand of the good.
b. demand and supply of the good are the same.
c. there is an excess supply of the good.
d. the price is below the equilibrium price.
e. the price is near the equilibrium price.
Poverty rates have declined in the last 50 years, and the biggest decline has been for people 65 and ...
U.S. suburbs were once unplanned, rambling affairs that took irregular shapes as people moved away ...
American people aren't the only ones getting bigger—American pets are also putting on pounds
Differences in yield between two wheat varieties at different soil fertility levels
People who are color-blind see colors differently. (a) Those with normal vision see the red leaves.
A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ...