If there is surplus of a good, then the quantity demanded ________ the quantity supplied and the price will ________

A) is less than; rise
B) is less than; fall
C) is greater than; rise
D) is greater than; fall

B

Economics

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Compared to the long-run absolute elasticity of demand, the short-run absolute elasticity of demand is

A) smaller. B) the same. C) larger. D) either smaller or larger, depending on other factors.

Economics

Which test generally consists of a course with a variety of physical events, and applicants are timed while completing the events?

A) polygraph test B) physical agility test C) oral interview test D) entry-level written test

Economics