When quantity demanded in a market is more than the quantity supplied, _____ occurs.
A. a surplus
B. an equilibrium
C. a shortage
D. a production possibility Weegy:
When quantity supplied is more than quantity ... have been taken out of the market) than quantity demanded, ... Shortage of supply, or . [ Excess/surplus of ... http://wiki.answers.com/Q/When_quantity_supply_is_greater_than_quantity_demand_what_happens_to_the_price
] Auto answered|Score .7315User:
Big Road Inc., a private company, is hired to build and run a state’s entire road system. The company charges high fees to use its roads. It maintains the roads only in heavily populated areas. Which of the following describes this project?
A. positive externality
B. public good
C. market failure
D. negative externality Weegy:
I chose A. positive externality because eventhough it is expensive but it help to run a state easily and more accessable road to the public. :)Auto answered|Score 1|sarah143|Points 21|User:
What is a main principle of Adam Smith’s The Wealth of Nations?
A. The free market system is inefficient.
B. Business prospers by finding out what people want and providing it.
C. People do not always get what they need.
D. A price-based system provides few incentives for businesses. Weegy:
What is a main principle of Adam Smith?s The Wealth of Nations?Answer is B. Business prospers by finding out what people want and providing it.Auto answered|Score 1|jessMhak|Points 30|User:
Milk is considered a commodity because it is which of the following?
A. bought in many different ways
B. an inexpensive product
C. the same no matter who sells it
D. an agricultural product Weegy:
C. The same no matter who sells itAuto answered|Score 1|AwesomeGuy200|Points 1177|User:
Why do public goods demonstrate the limitations of a free market economy?
A. They allow consumers to make all of the economic decisions.
B. They allow government to make some economic decisions.
C. They allow governments to control most economic decisions.
D. They prevent consumers from making economic decisions.
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