The Mechanism of Supply and Demand Is

question 224

Multiple Choice

The mechanism of supply and demand is

• A)a fundamental tool in both microeconomics and macroeconomics.
• B)the only real "law" of economics.
• C)a fundamental tool only in microeconomics.
• D)a fundamental tool only in macroeconomics.

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Definitions:

Neurobiological

Pertaining to the biological study of the nervous system and its impact on behavior, thought processes, and emotions.

Environmental

Relating to or arising from the natural world and the impact of human activity on its condition.

Genetic

Relating to genes or heredity, the genetic factors can influence traits, behaviors, and diseases.

Stress

A physiological and psychological response to perceived challenges or threats in the environment.