If the Price Is Above the Equilibrium Price, Then There

question 506

Multiple Choice

If the price is above the equilibrium price, then there is a

• A) surplus, and market forces will operate to lower price.
• B) surplus, and market forces will operate to raise price.
• C) shortage, and market forces will operate to lower price.
• D) shortage, and market forces will operate to raise price.

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Definitions:

Incapable of Growth

A state or condition where an organism, individual, or entity cannot physically or developmentally expand or progress.

Family Preservation

Efforts and services aimed at keeping families together, preventing the unnecessary placement of children in foster care, group homes, or other institutional settings.

Organization Model

A conceptual framework that illustrates the structure, workflow, or operational principles of an organization, guiding its functions.

Crisis Management

The identification of threats to an organization or community and the methods used to deal with these threats in an effective manner.