If the Price Is Below the Equilibrium Price

question 76

Multiple Choice

If the price is below the equilibrium price,

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

---

Definitions:

Opponent-process Theory

A psychological and neurological model that explains emotions as pairs of opposites, asserting that the experience of one emotion will trigger its opposite.

Social Attachment

Social attachment refers to the bond that forms between individuals through social interactions, contributing to emotional ties and a sense of belonging within groups.

Thrill Seeking

The pursuit of activities or experiences that provide a high level of excitement or adrenaline, often involving risk-taking.

Drug Addiction

A chronic, relapsing disorder characterized by compulsive drug seeking, continued use despite harmful consequences, and long-lasting changes in the brain.