If a Market Is Efficient, Then It Is Possible That

question 48

True/False

If a market is efficient, then it is possible that an increase in one person's consumption would not lower another person's consumption.

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Definitions:

Catalyst

A substance that increases the rate of a chemical reaction without being consumed or permanently altered in the process.

Equilibrium Constant

A numerical value that expresses the ratio of concentrations of products to reactants at equilibrium for a reversible chemical reaction at a constant temperature.

Reactants

Substances initially present in a chemical reaction that are consumed during the reaction to make products.

Products

Substances that are formed as a result of a chemical reaction, found on the right side of a chemical equation.