If the Market for Twinkies Is in Equilibrium, Then

question 143

Multiple Choice

If the market for Twinkies is in equilibrium, then

• A)Twinkies must be a normal good.
• B)the equilibrium quantity equals the quantity demanded.
• C)producers would like to sell more at the current price.
• D)there is a surplus.
• E)consumers would like to buy more at the current price.

---

Definitions:

Evolutionary

Pertaining to evolution, the process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Yerkes-Dodson

A law suggesting that performance increases with physiological or mental arousal to a certain point, but beyond that, performance decreases.

Affiliation

The sense of connection or association with a group or organization, often resulting in a feeling of belongingness.

Achievement

The act of accomplishing a goal or attaining a high level of performance through effort or skill.