When quantity supplied is greater than quantity demanded, there is a ____________.

Fill in the blank(s) with the appropriate word(s).


surplus

Economics

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Why are most of the U.S. dollars held outside of the United States?

What will be an ideal response?

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_____ advantages refer to the mode of entry abroad.

a. Locational, or country-specific b. Environmental c. Internalization d. Externalized e. Ownership, or firm-specific

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Bob is the only carpet installer in a small isolated town. The above figure shows the demand curves of two distinct groups of customers-residential and business. Bob is likely to price discriminate because

A) elasticities differ across markets. B) the installation of carpets cannot be resold. C) Bob can probably identify which consumers belong to which segment. D) All of the above.

Economics

If a 10 percent price increase causes the quantity demanded for a good to decrease by 20 percent, demand is elastic

a. True b. False Indicate whether the statement is true or false

Economics