FIGURE 3-3 -Refer to Figure 3-3.At a Price of P₃ There Is

question 6

Multiple Choice

FIGURE 3-3
-Refer to Figure 3-3.At a price of P₃ there is excess ________ in the market for X and pressure for the price to ________.

• A)supply; fall
• B)supply; rise
• C)demand; fall
• D)demand; rise

---

Definitions:

Socioeconomic Status

An individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Quantity of Talk

refers to the amount of verbal interaction or speech output, which can influence various aspects of language development and interpersonal relationships.

Satirical

A form of literature or art that uses humor, irony, exaggeration, or ridicule to criticize and expose folly or vice.

Derisive

Expressing contempt or ridicule, often in a mocking way that seeks to diminish or belittle someone or something.