Market Equilibrium Occurs When

question 126

Multiple Choice

Market equilibrium occurs when

• A) demand and supply move in opposite directions.
• B) the quantity demanded equals the quantity supplied.
• C) opposing forces pull demand and supply apart.
• D) all markets become equal.
• E) demand and supply change so that they are equal at ALL possible prices.

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Definitions:

Sense Receptors

Specialized cells or organs in the body that respond to external stimuli, such as light, sound, or touch, and transmit signals to the brain.

Hormones

Chemical messengers produced by the endocrine glands that travel through the bloodstream to tissues or organs, affecting many different bodily processes.

Absolute Threshold

The minimum intensity of a stimulus that one can detect 50% of the time, a concept used in sensory and perception research.

Reliable Detection

The ability to consistently identify or recognize true occurrences of a specific event or condition.