Refer to the Above Figure

question 79

Multiple Choice

Refer to the above figure. Other things being equal, if price is at P2, then we would expect

• A) price to decline until an equilibrium is achieved at P0.
• B) consumers to reduce their offering price for the good.
• C) an excess quantity demanded to occur.
• D) consumers to bid against each other for goods and force the price still higher.

---

Definitions:

Senseless, Immobility

An inability to move or respond, often resulting from shock or extreme confusion.

Flat Affect

A severe reduction in emotional expressiveness, where a person displays minimal facial expressions and vocal tone.

Paranoid Delusions

Unfounded beliefs held with strong conviction despite superior evidence to the contrary, often involving themes of persecution or conspiracy.

Word Salad

A confused or unintelligible mixture of seemingly random words and phrases, typically used to describe a symptom of neurological or psychiatric disorders.