Suppose That the Price of Wheat Is Above Its Equilibrium

question 9

Multiple Choice

Suppose that the price of wheat is above its equilibrium price. You would expect to see

• A) a shortage on the market that causes prices to increase further.
• B) an increase in quantity demanded because of the high price.
• C) a leftward shift of the demand curve because of the high price.
• D) sellers begin to lower their prices because of the surplus of wheat.

---

Definitions:

Hearing Loss

A partial or total inability to hear sound in one or both ears; can be caused by genetic factors, aging, exposure to loud noise, infections, or other health conditions.

Ear Condition

Refers to any disorder or disease affecting the ear, which can impact hearing and balance, such as infections, tinnitus, or congenital defects.

ENG

Electronystagmography, a diagnostic test that records involuntary movements of the eye to evaluate the vestibular system.

Ossicles

The three small bones in the middle ear called the malleus, incus, and stapes, which transmit sound vibrations.