When the Price of a Good Is Above Its Equilibrium

question 157

Multiple Choice

When the price of a good is above its equilibrium price, a:

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

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Definitions:

Recessive Traits

Traits that are expressed in an organism's phenotype only when two copies of the recessive allele are present.

Blue Eyes

An eye color resulting from a lower concentration of melanin in the iris, allowing light to scatter in a way that makes the eyes appear blue.

Cystic Fibrosis

Cystic Fibrosis is a genetic disorder that affects the respiratory and digestive systems, leading to thick mucus production and respiratory infections.

Heterozygous

Having two different alleles for a particular gene, one inherited from each parent.