The Key Condition for Equilibrium to Occur in a Market

question 39

Multiple Choice

The key condition for equilibrium to occur in a market is:

• A)the demand curve equals the supply curve.
• B)quantity demanded equals quantity supplied.(True Answer )Correct
• C)price equals quantity.
• D)demand for one good equals demand for all other goods.

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Definitions:

Long-Term Potentiation

A long-lasting enhancement in signal transmission between two neurons that results from stimulating them synchronously, often considered one of the major cellular mechanisms that underlies learning and memory.

Cortexes

The plural of cortex, relating to the outer layer of an organ or structure, such as the brain, characterized by its role in high-level functions including thought, memory, and consciousness.

Rats

Small rodents often used in scientific research due to their physiological and genetic similarities to humans, contributing to many scientific discoveries.

Maze Memories

A term related to the specific memories or learned behaviors that organisms develop in navigating mazes, often used in psychological and neuroscientific experiments.