If the Price of a Good Is Higher Than the Equilibrium

question 126

Multiple Choice

If the price of a good is higher than the equilibrium price

• A) producers can gain at consumers' expense.
• B) consumers can gain at producers' expense.
• C) both producer surplus and consumer surplus increase.
• D) both producer surplus and consumer surplus decrease.

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Definitions:

Dendrites

The branched projections of a neuron that act to propagate the electrochemical stimulation received from other neural cells to the cell body, or soma, of the neuron from which the dendrites project.

Synapses

The junctions at which neurons communicate with other neurons, muscles, or glands through electrical or chemical signals.

Neurons

Specialized cells within the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Primary Function

The primary function refers to the main or most important role or purpose that an entity or system is designed or naturally evolved to perform.