When a Market Is in Equilibrium but Too High for Some

question 137

Multiple Choice

When a market is in equilibrium but too high for some consumers:

• A)the government will intervene to set the correct prices
• B)the price determines which buyers and sellers participate in the market, and those unable to afford the good will opt out
• C)those buyers who value the good less than the price choose to buy the good
• D)those sellers whose costs are more than the price choose to produce and sell the good

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Definitions:

Impotence

Inability to accomplish the male sexual act; caused by psychic or physical factors; also called erectile dysfunction (ED).

Erectile Tissues

Specialized tissues found in certain parts of the body, such as the penis and clitoris, that fill with blood and swell, leading to erection.

Urethra

A tube that conveys urine from the bladder to the outside of the body in both sexes and also transports semen in males.

Semen

A fluid containing sperm and other secretions from the male reproductive system.