If Price and Quantity Are Not at Their Equilibrium Positions

question 55

Multiple Choice

If price and quantity are not at their equilibrium positions, then

• A)It is possible to reallocate so that some people are better off without harming others
• B)A move to another position will not hurt anyone
• C)A move to another position will help everyone
• D)Government must intervene

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Definitions:

Lacrimal

Relating to the tears or the tear system, including glands and ducts involved in tear production and removal.

Tailbone

The terminal end of the vertebral column in humans and certain other creatures, formally known as the coccyx.

Coccyx

The small tailbone at the lower end of the vertebral column, comprising three to five fused vertebrae.

Lumbar

Referring to the lower part of the spine or the lower back region.