Question

we say that there is a surplus of apples when the quantity demanded is more than the quantity supplied at a given price

Question 6 5 pts Read the statement below carefully, and decide whether it is true or false. And then explain your answer (whether "true" or "false"). We say that there is a surplus of apples when the quantity demanded is more than the quantity supplied at a given price. 12pt Paragraph B I y A2 T2 : - O words 5 pts

Answer 1

Q1) false

Surplus arises, when Q supplied > Q Demanded

Q2) false

if it's expected prices will rise, then they Increase demand, so Demand curve shifts to right, prices will rise

So prices will rise, bcoz as people know, prices will rise in future, so they are willing to purchase currently at lower price level

P1 DI D 0