Exhibit 4-10  Supply and Demand Data for Apricots Which of the Following

question 257

Multiple Choice

Exhibit 4-10  Supply and demand data for apricots Which of the following would occur if the government set a price ceiling of $1 in the market shown in Exhibit 4-10?

• A) There would be a shortage of apricots.
• B) Buyers would not want to purchase all of the apricots that are supplied.
• C) There would be a surplus of apricots.
• D) Farmers would reduce the number of acres allocated to the growing of apricots.

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Definitions:

Vertical Tension

Stress that acts upwards or downwards along a vertical plane, affecting the Earth's crust and can lead to the formation of geological features.

Dip-Slip Fault

A fault on which the relative movement is parallel to the dip of the fault.

Strike-Slip Fault

A type of fault where two blocks of the Earth's crust slide past one another horizontally, with little to no vertical movement.

Normal Fault

A type of fault where the hanging wall has moved downward relative to the footwall due to tensional forces.