When the Price of a Good Is

question 474

Multiple Choice

When the price of a good is

• A) below the equilibrium price, quantity supplied exceeds quantity demanded and price rises.
• B) below the equilibrium price, quantity demanded exceeds quantity supplied and price falls.
• C) above the equilibrium price, quantity supplied exceeds quantity demanded and price falls.
• D) above the equilibrium price, quantity demanded exceeds quantity supplied and price rises.

---

Definitions:

Object

An example of a class in object-oriented analysis.

Class

A category of input identified in object-oriented analysis; classes are defined by information and actions.

Architecture Neutral

A software feature where an application can run on any platform or operating system without modification.

Universal Language

A hypothetical or proposed language that is intended to be spoken and understood globally.