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Author Question: If the quantity of a good or service demanded at the existing price is less than the quantity ... (Read 81 times)

maychende

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on: Jun 29, 2018
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


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kingfahad97

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

exports; imports


maychende

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Reply 2 on: Jun 29, 2018
Excellent

tkempin

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

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