A Price Support System That Raises Price Above the Normal

question 63

Multiple Choice

A price support system that raises price above the normal equilibrium will cause a

• A)decrease in the quantity demanded.
• B)shift right in supply.
• C)shift left in demand.
• D)decrease in the quantity supplied.

---

Definitions:

Legislation

Laws and statutory regulations enacted by a government's legislative branch.

Durability

The ability of a product or material to withstand wear, pressure, or damage; its quality of being long-lasting or enduring.

Improperly Fired

Refers to a termination of employment that violates either legal statutes or contractual terms.

Botulism Poisoning

A rare but serious illness caused by a toxin that attacks the body’s nerves and can result in difficulty breathing, muscle paralysis, and even death.