[Answered] In economics, the term surplus means an excess quantity supplied. a. True b. False Indicate ...

This topic contains a solution. Click here to go to the answer

Author Question: In economics, the term surplus means an excess quantity supplied. a. True b. False Indicate ... (Read 43 times)

imanialler

Hero Member
Posts: 539

on: Jun 30, 2018

In economics, the term surplus means an excess quantity supplied.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Surpluses cause prices to fall while shortages cause prices to rise.
a. True
b. False
Indicate whether the statement is true or false

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

alexisweber49

Sr. Member
Posts: 311

Reply #1 on: Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

True

imanialler

Hero Member
Posts: 539

Reply #2 on: Jun 30, 2018

Thank you

alexisweber49

Sr. Member
Posts: 311

Reply #3 on: Jun 30, 2018

Happy to help you

« previous next »

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.