If the quantity of a good or service demanded at the existing ...

[maychende]

If the quantity of a good or service demanded at the existing price is less than the quantity supplied, ________ exists.
 
  A) a shortage
  B) a surplus
  C) market equilibrium
  D) All of the above are possible.

Question 2

Products produced domestically and sold in foreign countries are called ________, and products produced in foreign countries and sold domestically are called ________.
 
  Fill in the blank(s) with correct word

[kingfahad97]

Answer to Question 1

B

Answer to Question 2

exports; imports

[maychende]

Thanks for the timely response, appreciate it

[amcvicar]

Wow, this really help