LUCA Is

question 21

Multiple Choice

LUCA is

• A) the last universal common ancestor.
• B) actually somewhat of a misnomer because it is now believed that each of the domains arose independently.
• C) the individual ancestor of each of the three domains.
• D) all of the above.

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Definitions:

Excess Supply

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to a price decrease.

Excess Demand

A situation in which the demand for a product or service surpasses its supply in a market, often leading to price increases.

Market Equilibrium

A situation where the quantity of a good or service supplied equals the quantity demanded at a specific price level.

Excess Demand

A scenario in which the current price of a product or service leads to a demand that surpasses its available supply.