The Price of a Good Will Tend to Fall If

question 172

Multiple Choice

The price of a good will tend to fall if

• A)there is a surplus at the current price.
• B)the current price is below the equilibrium price.
• C)the quantity supplied exceeds the quantity demanded at the current price.
• D)Both A and C are true.
• E)None of the above are true.

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Definitions:

General Adaptation Syndrome

A model describing the body's stress response in three stages: alarm, resistance, and exhaustion, proposed by Hans Selye.

Panic Attacks

Sudden periods of intense fear or discomfort, where four (or more) symptoms develop abruptly and peak rapidly.

General Adaptation Syndrome (GAS)

Selye’s term for the common effects of stressful demands on the body, consisting of three stages: alarm, resistance, and exhaustion.

Chemotherapy Treatments

Medical treatments that use chemical substances, especially one or more anti-cancer drugs, to treat diseases like cancer.