If the Price in a Market Is Above Its Equilibrium

question 97

Multiple Choice

If the price in a market is above its equilibrium level, there will be a:

• A) surplus and downward pressure on price.
• B) surplus and upward pressure on price.
• C) shortage and downward pressure on price.
• D) shortage and upward pressure on price.

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Definitions:

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In Christian tradition, an archangel known for his role as a protector and a leader of the army of God against the forces of evil.

Persecution

The act of harassing or oppressing a person or group, especially because of their identity, beliefs, or practices.

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A common thinking disturbance in schizophrenia, involving rapid shifts from one topic of conversation to another. Also called loose associations.

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