Suppose the Equilibrium Price in a Market Is $5, and the Government

question 34

Multiple Choice

Suppose the equilibrium price in a market is $5, and the government imposes a $4.50 price floor on the market. This will:

• A)create excess supply.
• B)create excess demand.
• C)shift the demand curve to the right.
• D)have no effect on the market.

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Definitions:

Behavioral Problems

Actions or behaviors that are disruptive or inappropriate, often observed in children and adolescents, which can be a sign of underlying psychological or social issues.

DSM-5 Diagnosis

The process of identification of mental health and behavioral conditions using the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders.

Antisocial Personality Disorder

A mental health disorder characterized by a disregard for and violation of the rights of others.

Sociopath

A term often used to describe a person with Antisocial Personality Disorder, characterized by a lack of empathy and manipulative or harmful behavior.