Prices Play a Role in a Market

question 100

Multiple Choice

Prices play a role in a market

• A) because they distribute scarce goods to those consumers who value them most highly.
• B) because when prices are in equilibrium, product shortages or surpluses can occur.
• C) because they help eliminate poverty.
• D) because they eliminate scarcity.

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Definitions:

Excavates

A group of protists characterized by their unique cellular structures, including a notable feeding groove "excavated" from one side.

Closest Relatives

Organisms that are most closely related to each other through shared ancestry in the tree of life.

Animals

Multicellular, eukaryotic organisms of the kingdom Animalia or Metazoa, characterized by their ability to move voluntarily, consume organic material, breathe oxygen, and reproduce sexually.

Choanoflagellates

Aquatic microorganisms thought to be the closest living relatives of animals, characterized by their flagellum and collar structure.