When the Market Price of a Good Is Below the Equilibrium

question 4

Multiple Choice

When the market price of a good is below the equilibrium price:

• A)the quantity demanded will exceed the quantity supplied.
• B)the supply curve will be to the right of the demand curve.
• C)a surplus will exist in the market.
• D)the government will regulate the price of the good to ensure equilibrium is attained.

---

Definitions:

Attracting Factors

Elements or characteristics that draw interest, attention, or a positive response from others.

Prostitute

A person who engages in sexual activity for payment.

Adultery

A voluntary sexual relationship between a married person and someone other than their lawful spouse.

Affairs

Secretive relationships involving emotional or sexual intimacy with someone other than a person's committed partner or spouse.