What Is the Result of an Agricultural Support Price Established

question 119

Multiple Choice

What is the result of an agricultural support price established above the equilibrium price?

• A) The market gravitates toward and remains in equilibrium.
• B) There will be excess quantity supplied of the product involved.
• C) There will be excess quantity demanded the product in this market.
• D) Since the support price is set above the equilibrium price, it will have no impact on the market price.

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Definitions:

Current Flows

The movement of electric charge carriers, such as electrons, through a conductor, creating an electric current.

Positive To Negative

Refers to the flow of conventional electric current from a point of higher potential (positive) to a point of lower potential (negative).

Negative To Positive

Describes the direction of flow of electrons in an electrical circuit, from a more negative point to a more positive point.

Lightning Protection

Systems or devices designed to protect structures and equipment from damage by directing lightning surges safely to the ground.