If the Current Market Price of Good Z Is Below

question 11

Multiple Choice

If the current market price of good Z is below the equilibrium price of good Z

• A) it must be because the government has imposed a price ceiling in the market for good Z.
• B) there is a shortage of good Z.
• C) there is a surplus of good Z.
• D) demand must necessarily decrease to restore equilibrium.
• E) a and b

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Definitions:

Masculinization

The process by which male physical, behavioral, and physiological traits are developed, often influenced by hormones like testosterone.

Pregnancy

The period during which a fetus develops inside a woman’s uterus, typically lasting about 40 weeks from the last menstrual period to childbirth.

Toxemia

A medical condition in pregnancy characterized by high blood pressure, swelling, and protein in the urine.

Pre-Eclampsia

A health complication in pregnant individuals, featuring heightened blood pressure and symptoms showing organ system damage, especially in the liver and kidneys.