b. supplied exceeds the quantity demanded by the maximum amount.
c. demanded exceeds the quantity supplied by the maximum amount.
d. supplied and the quantity demanded equal zero.
2. If the price of automobiles increases, it is likely that fewer automobile batteries will be purchased at any given price because automobiles and batteries are
a. inferior goods.
b. normal goods.
c. substitute goods.
d. complementary goods.
3. Suppose that an increase in their incomes induces consumers to purchase more oranges at any given price. Also suppose that an abundant orange harvest results in a lower price, causing consumers to purchase more oranges. These situations are characterized respectively by a(n)