If Price Is Below the Equilibrium Value,then

question 56

Multiple Choice

If price is below the equilibrium value,then

• A) producers cannot sell all they make.
• B) neither buyers nor sellers wish to alter their behaviour.
• C) the government must enforce price controls.
• D) buyers will start to bid the price up.
• E) a surplus develops.

---

Definitions:

Flanks of the Volcano

The sides of a volcano, extending from the summit to the base, which can exhibit various geological features and are prone to volcanic activities like eruptions or lava flows.

Suburbs of Tacoma

Residential areas surrounding the city of Tacoma, Washington, characterized by lower population density and more detached homes compared to the urban core.

Summit of the Volcano

The highest point or peak of a volcano, typically surrounding the opening or vent where lava and volcanic gases are expelled.

Melting of Snow Caps

The process by which the accumulated snow on mountain peaks or polar regions turns into water during warmer temperatures.