If a Producer Incorrectly Sets the Price of Its Product

question 143

Multiple Choice

If a producer incorrectly sets the price of its product too low:

• A) a shortage (excess demand) will result.
• B) a surplus (excess supply) will result.
• C) equilibrium will result.
• D) the producer will soon shut down.

---

Definitions:

Electrical Shock

The physical reaction or injury caused by electric current passing through the body.

Disconnect Items

The action of separating or removing items from a system or collection, often to prevent interaction or functionality.

Legal

Pertaining to laws, regulations, and the judicial system, often in the context of compliance and obligations.

Restraints

Devices or methods used to limit the movements of a patient to prevent harm to themselves or others.