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