What Is the Gas That Makes Up Most of the Air

question 35

Multiple Choice

What is the gas that makes up most of the air that we breathe?​

• A) ​carbon dioxide
• B) ​ozone
• C) ​nitrogen
• D) ​oxygen
• E) argon​

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Definitions:

Binding Price Ceiling

A government-imposed limit on how high a price can be charged for a product that is set below the market equilibrium price, causing shortages.

Surplus

A situation in which the quantity of a good or service supplied exceeds the quantity demanded, often leading to a decrease in price.

Ration

The controlled distribution of scarce resources, goods, or services.

Equilibrium Price

Equilibrium price is the market price at which the quantity of goods supplied is equal to the quantity of goods demanded.