Author Question: If the quantity of a good or service demanded at the existing price is less than the quantity ... (Read 51 times)

maychende · **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