From the Appendix: -Equilibrium Occurs When

question 6

Multiple Choice

From the appendix:
-Equilibrium occurs when

• A)there is more supply for a good than demand for it
• B)quantity demanded is the same as quantity supplied
• C)the price of units supplied and demanded are equal
• D)both b & c

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Definitions:

Cheerful Outlook

A positive mindset that typically leads to optimistic interpretations of situations and events.

Exercise

Physical activity that is planned, structured, and repetitive for the purpose of conditioning the body.

Independent Variable

The variable that is manipulated in an experiment to test its effects on the dependent variable.

Review Session

A meeting or period devoted to recapping and discussing content previously covered, often used as preparation for exams or to ensure understanding.