A Market Is in Equilibrium When

question 318

Multiple Choice

A market is in equilibrium when

• A) the quantity demanded equals the quantity supplied at the market clearing price.
• B) the horizontal axis crosses the vertical axis.
• C) buyers do not desire for the price to be any lower.
• D) the equilibrium price is below the market price.

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Definitions:

Antagonist

In physiology, a muscle that acts in opposition to the action of another muscle, called the agonist; in pharmacology, a substance that inhibits the action of another substance.

Neuromodulator

A neuromodulator is a substance in the nervous system that modifies the functions of neurons, influencing how signals are transmitted across synapses.

Neurotransmitter

Chemical substances that transmit signals from one neuron to another across synapses, playing key roles in the functioning of the nervous system.

Reuptake

Process by which neurotransmitters are taken back into the synaptic vesicles.