A surplus means that the quantity supplied is greater than the quantity demanded at the prevailing price

In the figure above, which of the following represents a real flow of a factor of production?

A) Labor B) Wages C) Goods bought D) Services sold E) Firms' expenditures on factors of production

When buying a car from a commission salesman you improve your bargaining position by

a. shopping when the new model year cars have just arrived b. shopping when the showroom is empty of customers c. shopping when the car lot has few cars left unsold d. shopping toward the beginning of the month