If the Price Is Below the Equilibrium Price

question 131

Multiple Choice

If the price is below the equilibrium price,

• A) the supply curve will shift rightward.
• B) the supply curve will shift leftward.
• C) the demand curve will shift leftward.
• D) there is a shortage.
• E) there is a surplus.

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Definitions:

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Two panels, often intricately carved from ivory and hinged together, historically used for religious and ceremonial purposes.

Ascension Scene

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Rabbula Gospels

An illuminated Syriac Gospel book dated to the 6th century, known for its rich illustrations and as a key source for understanding early Christian art.

Biblical Text

The sacred scriptures of Christianity and Judaism, consisting of the Old Testament and the New Testament in Christianity, and the Tanakh in Judaism.