If the Price Is Below the Equilibrium Price in the Market

question 151

Multiple Choice

If the price is below the equilibrium price in the market for apples,assuming a positively sloped supply curve and a negatively sloped demand curve,total surplus:

• A) will be greater than if price were at equilibrium.
• B) will be less than if price were at equilibrium.
• C) will be the same as if price were at equilibrium.
• D) may be different than if price were at equilibrium,but we cannot determine this without more information.

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Definitions:

Internal Intercostals

Muscles located between the ribs that help with breathing by reducing the space in the chest during exhalation.

External Intercostals

Muscles located between the ribs that help expand the thoracic cavity during inspiration.

Scalene

Refers to a group of three paired muscles in the lateral neck that facilitate breathing and are involved in various neck movements.

Closes the Anal Opening

This term likely refers to the sphincter ani externus muscle, which controls the opening and closing of the anus.