If Price Is Above the Equilibrium Level, Competition Among Sellers

question 69

Multiple Choice

If price is above the equilibrium level, competition among sellers to reduce the resulting

• A) surplus will increase quantity demanded and decrease quantity supplied.
• B) shortage will decrease quantity demanded and increase quantity supplied.
• C) surplus will decrease quantity demanded and increase quantity supplied.
• D) shortage will increase quantity demanded and decrease quantity supplied.

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Definitions:

Normalization

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Diagnosed

The process of identifying a disease or condition from its signs and symptoms through assessment, tests, or other diagnostic procedures.

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The practices and behaviors that demonstrate attention and respect towards a client during therapy or counseling sessions.