If Actual Price Is Above Equilibrium Price

question 50

Multiple Choice

If actual price is above equilibrium price

• A) demand falls.
• B) supply rises.
• C) shortages will emerge.
• D) the quantity supplied exceeds the quantity demanded.
• E) the equilibrium price rises.

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Definitions:

Germinal Stage

The initial stage of human development that occurs in the first two weeks after conception, involving rapid cell division and the beginning of cell differentiation.

Gender Roles

Socially constructed roles, behaviors, expectations, and activities that society considers appropriate for men and women.

Secondary Sex Characteristics

Physical traits that are not directly involved in reproduction but distinguish between the sexes, such as facial hair in males and breast development in females.

Egocentrism

In developmental psychology, the inability to differentiate between one's own perspective and someone else's perspective.