A Market Is in Equilibrium

question 43

Multiple Choice

A market is in equilibrium:

• A)when there is a surplus of the product in the market.
• B)at all prices above the price shown by the intersection of the supply curve and the demand curve.
• C)if the amount producers want to sell is equal to the amount consumers want to buy.
• D)whenever the demand curve is downward sloping and the supply curve is upward sloping.

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Definitions:

Nutrient Minerals

Inorganic substances that are essential for the growth, development, and health of plants and animals, including calcium, potassium, and magnesium.

Dissolved Gases

Gases that are dissolved in a liquid, such as oxygen or carbon dioxide in water, important for aquatic life and chemical processes.

Sexually Reproduce

A method of reproduction involving the fusion of male and female gametes to form a zygote, resulting in offspring with genetic materials from both parents.

Cork Cambium

A layer of meristematic tissue in plants that produces cork cells, contributing to the bark and protecting the plant.