Exhibit 4-2 Exhibit 4-2 Represents the Orange Juice Market. the Horizontal Line

question 42

Multiple Choice

Exhibit 4-2
Exhibit 4-2 represents the orange juice market. The horizontal line at $2 shows a price ceiling imposed by the government. Which of the following statements is true at this price?

• A)At the price ceiling the surplus equals 400 units.
• B)At the price ceiling the shortage equals 400 units.
• C)At the price ceiling the surplus equals 300 units.
• D)At the price ceiling the shortage equals 200 units.

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Definitions:

Neural Impulse

An electric signal that travels along neurons, facilitating communication within the nervous system.

Threshold

The minimum level of stimulus intensity required to produce a response or result.

Excitatory Signals

Nerve impulses that increase the likelihood of a neuron firing, promoting the transmission of signals through the nervous system.

Refractory Period

In physiological context, a period immediately following stimulation during which a nerve or muscle is unresponsive to further stimulation.