If the Price of a CD Is Equal to the Equilibrium

question 470

Multiple Choice

If the price of a CD is equal to the equilibrium price, there will be ________ of CDs and the price will ________.

• A) surplus; rise
• B) surplus; fall
• C) shortage; fall
• D) neither a shortage nor surplus; not change

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Definitions:

Head of Femur

The rounded, proximal end of the femur (thigh bone) that articulates with the acetabulum of the pelvis, forming the hip joint.

Anterior Cruciate Ligament

A key ligament located inside the knee joint that connects the thigh bone to the shin bone, crucial for stabilizing the knee.

Lateral Collateral Ligament

A ligament located on the lateral (outer) side of the knee, providing stability to the outer knee joint.