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:

Shallow Depression

A minor or surface indentation or dimple on an object or body part.

Fossa

A depression or sunken area in the bone, usually where muscles or tendons attach.

Bone Marking

Features on bones, such as ridges and bumps, that indicate where muscles, tendons, and ligaments attach.

Articular Surface

The surface of a bone that comes into contact with another bone to form a joint, facilitating smooth movement between them.