Suppose a Market Is in Equilibrium

question 29

Multiple Choice

Suppose a market is in equilibrium.If a price floor is set in this market below the equilibrium price it is likely that:

• A)quantity demanded will increase.
• B)a surplus will arise.
• C)a shortage will arise.
• D)the quantity sold will rise.
• E)the market will remain in equilibrium.

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Definitions:

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, typically measured in the arteries.

Dehydration

The condition resulting from excessive loss of body water, impairing normal bodily functions.

Blood Clots

Semi-solid masses of blood that form as a result of the coagulation process, which prevents excessive bleeding when blood vessels are injured.

Coagulation

The process of blood clotting, which is vital for stopping bleeding and initiating wound healing.