In a Free Market, If the Price of a Good

question 81

Multiple Choice

In a free market, if the price of a good is below the equilibrium price, then;

• A)government needs to set a higher price.
• B)suppliers, dissatisfied with growing inventories, will raise the price.
• C)demanders, to acquire the good, will bid the price higher.
• D)suppliers, dissatisfied with growing inventories, will lower the price.

---

Definitions:

Minimally Conscious State

A condition of severely altered consciousness but with some signs of self-awareness or environment awareness, unlike a vegetative state.

Inherited Behavior

Actions or responses that are transmitted from one generation to another through genes, not learned through experience.

Learned Behavior

behaviors acquired through experience or learning, rather than those based on instinct or inherent reflexes.

Patterns In Time

Sequences or arrangements of events or phenomena that exhibit regularity or predictability over temporal intervals.