If the Price of a Good Is Below the Equilibrium

question 175

Multiple Choice

If the price of a good is below the equilibrium price,

• A) suppliers will find inventories building; they will cut output and raise prices.
• B) suppliers will find inventories being depleted. They will increase production and raise prices.
• C) the demand curve will shift down until an equilibrium is established at the existing price.
• D) the supply curve will shift up until an equilibrium is established at the existing price.

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Radiation

The emission of energy as electromagnetic waves or as moving subatomic particles, especially high-energy particles that cause ionization.

Mammogram

An X-ray examination of the breast used to detect and diagnose breast diseases, especially breast cancer, in women.

Analgesic

A type of medication that reduces or eliminates pain without causing loss of consciousness.

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The regular natural change that occurs in the female reproductive system that makes pregnancy possible, including the shedding of the lining of the uterus.