« previous next »

Author Question: A surplus means that the quantity supplied is greater than the quantity demanded at the prevailing ... (Read 68 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jun 30, 2018
A surplus means that the quantity supplied is greater than the quantity demanded at the prevailing price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Suppose the market price of a good X is below the equilibrium price. The result is a shortage and sellers can be expected to decrease the quantity of that good X supplied.
 a. True
  b. False
  Indicate whether the statement is true or false


ktidd

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
Mujahideen in Afghanistan stand on top of a Soviet helicopter shot down with U.S.-supplied Stinger ... Mujahideen in Afghanistan stand on top of a Soviet helicopter shot down with U.S.-supplied Stinger ...
“Career choice” for many women means leaving their paid jobs for a number of years when they ... “Career choice” for many women means leaving their paid jobs for a number of years when they ...
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
US federal budget deficit/surplus and debt US federal budget deficit/surplus and debt
Video: Five phases of cardiac cycle & Atrial contraction

For a complete list of videos, visit our video library