If Supply and Demand Intersect at a Price of $5

question 17

Multiple Choice

If supply and demand intersect at a price of $5.00, then a reduction in price from $6.00 to $5.00 will cause an increase in quantity:

• A) supplied, a decrease in quantity demanded, and the alleviation of a shortage.
• B) demanded, a decrease in quantity supplied, and the alleviation of a shortage.
• C) supplied, a decrease in quantity demanded, and the alleviation of a surplus.
• D) demanded, a decrease in quantity supplied, and the alleviation of a surplus.

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Definitions:

Neurons

Specialized cells transmitting nerve impulses; the fundamental units of the brain and nervous system.

Terminal Buttons

The small knobs at the end of an axon that release chemicals (neurotransmitters) to transmit the nerve impulse to the next neuron.

Synapses

The junctions across which nerve impulses pass from one neuron to another.

Glia

Non-neuronal cells in the nervous system that provide support and protection for neurons.