A Market in Disequilibrium Would Feature

question 175

Multiple Choice

A market in disequilibrium would feature

• A) a stable price.
• B) consumers able to purchase all they wish at the market price.
• C) a stable quantity.
• D) either excess supply or excess demand.
• E) firms able to sell all they wish at the market price.

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Definitions:

Ammonia

A compound of nitrogen and hydrogen with the formula NH3, it is a colorless gas with a characteristic pungent smell and is used in many industrial processes.

Spiders

Arachnids distinguished by their ability to spin webs using silk produced from spinnerets at the rear of their abdomen.

Filtrate

The liquid that has passed through a filter, having had some of its particles removed in the process.

Nephron Tubules

The microscopic tubes within the kidney where blood is filtered, and urine is formed through processes of reabsorption and secretion.