Exhibit 4-9 Data on Supply and Demand Suppose a Price

question 21

Multiple Choice

Exhibit 4-9 Data on supply and demand Suppose a price floor is set by the government above the market equilibrium price. Which of the following will result?

• A)There will be a surplus.
• B)The quantity demanded will exceed the quantity supplied.
• C)The demand curve will shift to the left.
• D)None of these.

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Definitions:

Diaphragm

A large, dome-shaped muscle located at the base of the lungs and thoracic cavity, essential for the process of breathing.

External Intercostals

Muscles found between the ribs that aid in the mechanics of breathing by elevating the ribcage.

Olecranon Process

The prominent, pointed bone at the proximal end of the ulna, around which the elbow joint is formed.

Extension

A movement that increases the angle between two body parts, such as straightening a flexed knee.