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A Shortage Will Occur at Any Price Below Equilibrium Price

question 146

True/False

A shortage will occur at any price below equilibrium price and a surplus will occur at any price above equilibrium price.


Definitions:

Sedimentary Unit

A layer of sedimentary rock with distinguishable characteristics that set it apart as a visually identifiable segment of a stratigraphic sequence.

Pluton

A body of intrusive igneous rock that solidified below the surface of the earth.

Shear Zone

A region of the Earth's crust where rocks have been deformed by shear stress, leading to the alteration of their structure and the development of foliation.

Supercontinent

A large landmass that includes more than one continental core, which in Earth's history has periodically merged and then broken apart.

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