What Is Happening in Step 1

question 15

Multiple Choice

What is happening in step 1?

• A) Sound is being conducted through the auditory canal.
• B) Pressure is being equalized; ears are popping.
• C) The eardrum is vibrating in response to sound waves.
• D) A nerve impulse is generated.

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Definitions:

Surplus III

An excess of production or supply over demand, often referring to goods in a market that exceed buyer requirements.

Consumer Surplus

The distinction between the price consumers are inclined to pay for a product or service and what they ultimately pay.

Surplus II

The condition where the quantity supplied of a good exceeds the quantity demanded, causing downward pressure on the market price.

Equilibrium Price

The cost at which the amount of products available for sale matches the volume of products consumers want to buy.