Situation in which quantity supplied is greater than quantity demanded:

a. rationing
b. price floor
c. excess demand
d. surplus
e. equilibrium

Ans: d. surplus

Economics

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The increased use of automatic teller machines has decreased the demand for money

Indicate whether the statement is true or false

Economics

When regulators identify with the special interests of the industry they regulate, this behavior conforms with the

A) share-the-gains, share-the-pains hypothesis. B) rate-of-return hypothesis. C) lemon market hypothesis. D) capture hypothesis.

Economics