When the Price Is Either Higher or Lower Than the Equilibrium

question 183

Multiple Choice

When the price is either higher or lower than the equilibrium price,the quantity exchanged will be ________ the equilibrium quantity.

• A) higher than
• B) lower than
• C) equal to
• D) either lower than or higher than
• E) either equal to or lower than

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Definitions:

Trait Theorists

Psychologists who study personality focused on identifying, describing, and measuring stable characteristics that differentiate individuals.

Predicting

The act of forecasting future events or outcomes based on patterns, data, or insights from past and present.

Describing

The act of providing details about something, including its features, qualities, and condition.

Genetically Influenced

Traits or characteristics that are shaped in part by an organism's genetic makeup.