If Producers Incorrectly Set the Price of Their Product Too

question 112

Multiple Choice

If producers incorrectly set the price of their product too high:

• A) a shortage will result.
• B) a surplus will result.
• C) equilibrium will result.
• D) the industry will die out soon.

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Definitions:

Eliminating Distractions

A process of removing factors that divert attention from tasks or objectives.

Communicable Disease

An infectious disease that can be transmitted from person to person or through vectors.

Infectious Disease

Diseases caused by pathogens such as bacteria, viruses, fungi or parasites, and can spread directly or indirectly from one person to another.

Diseases Of Abundance

Health conditions primarily associated with overnutrition and a lack of physical activity, common in developed countries.