If the Market Price Is Below the Equilibrium Price, Which

question 244

Multiple Choice

If the market price is below the equilibrium price, which of the following will occur?

• A) Quantity demanded will exceed quantity supplied and the market price will eventually fall.
• B) Quantity demanded will exceed quantity supplied and the market price will eventually rise.
• C) Quantity supplied will exceed quantity demanded and the market price will eventually fall.
• D) Quantity supplied will exceed quantity demanded and the market price will eventually rise.

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Definitions:

Allergy Immunotherapy

Allergy immunotherapy, also known as desensitization or hypo-sensitization, is a medical treatment for some types of allergies. It involves exposing the patient to gradually increasing amounts of the allergen to build up tolerance.

Life-threatening

A condition or situation that poses a serious risk to one’s survival or wellbeing.

Allergic Reaction

The immune system's exaggerated response to a foreign substance, which can range from mild irritation to severe, life-threatening conditions.

Adrenaline

An internal secretion derived from the adrenal glands; can be commercially prepared from animal glands; acts as a stimulant.