Author Question: When there is a surplus in the market, the quantity sold is A) equal to the quantity supplied. ... (Read 62 times)

rl

  • Hero Member
  • *****
  • Posts: 579
When there is a surplus in the market, the quantity sold is
 
  A) equal to the quantity supplied.
  B) equal to the quantity demanded.
  C) less than the quantity demanded.
  D) greater than the quantity bought.

Question 2

The CPI is the average price of all goods and services produced within the economy.
 
  Indicate whether the statement is true or false



kusterl

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

B

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

For a complete list of videos, visit our video library