Use the Following to Answer Questions: Table: Equilibrium Adjustment -(Table: Equilibrium Adjustment) Refer to the Table

question 68

Multiple Choice

Use the following to answer questions: Table: Equilibrium Adjustment $$\begin{array} { c c c } \hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \\\hline \$ 10 & 100 & 160 \\8 & 120 & 145 \\6 & 130 & 130 \\4 & 140 & 115 \\2 & 150 & 100 \\\hline\end{array}$$
-(Table: Equilibrium Adjustment) Refer to the table. If the price in the free market is $2, then a:

• A) surplus of 50 units would exist, and price would fall.
• B) surplus of 50 units would exist, and price would rise.
• C) shortage of 50 units would exist, and price would rise.
• D) shortage of 50 units would exist, and price would fall.

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Definitions:

Photosynthesis

A process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water. Photosynthesis in plants generally involves the green pigment chlorophyll and generates oxygen as a by-product.

Oxygen Atoms

Fundamental components of molecules, essential for respiration in organisms and a key element in the Earth's atmosphere.

Proton Gradient

The gradient of hydrogen ions (protons) across a membrane, which is a form of potential energy used for ATP production in cells.

Photosynthesis

The process by which green plants, algae, and some bacteria transform light energy into chemical energy stored in glucose, using carbon dioxide and water and releasing oxygen as a byproduct.