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:

Posi-Drive Screw

A type of screw designed with a unique drive system that reduces the risk of cam-out and increases the efficiency of torque transmission.

Phillips Screw

A type of screw with a cross-shaped slot on its head, designed by Henry F. Phillips.

Higher Torque

Refers to a greater twisting force typically achieved by an engine or motor, resulting in increased ability to perform work, especially in moving heavier loads.

Standard Micrometer

A precision measuring instrument used to measure small distances, thicknesses, or diameters with high accuracy, typically in machining and engineering.