If a Price Is Below Equilibrium

question 92

Multiple Choice

If a price is below equilibrium,

• A)A shortage will cause the price to fall and the quantity supplied to decrease.
• B)A shortage will cause the price to rise and the quantity supplied to increase.
• C)A surplus will cause the price to fall and the quantity supplied to decrease.
• D)A surplus will cause the price to fall and the quantity supplied to increase.

---

Definitions:

Physical Footprint

The physical impact or space taken up by an entity or an individual, often used in the context of environmental awareness and sustainability.

Psychological Footprint

The lasting impact or influence of an individual's actions, behaviors, and decisions on their psychological wellbeing.

Psychological Wound

Emotional trauma or distress stemming from deeply distressing or disturbing experiences.

Trauma Counseling

A specialized form of therapy aimed at helping individuals work through and recover from psychological trauma and its effects.