A Product Market Is in Equilibrium

question 148

Multiple Choice

A product market is in equilibrium

• A) whenever there is no surplus of the product.
• B) whenever there is no shortage of the product.
• C) when consumers want to buy more of the product than producers offer for sale.
• D) where the demand and supply curves intersect.

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Definitions:

Ex Situ Conservation

The practice of preserving endangered species by removing part of their population from a risky habitat and placing them in a secure location, like a zoo or botanical garden.

Ex Situ Conservation

The practice of conserving an endangered species by removing part of the population from a threatened habitat and placing it in a new location under controlled conditions.

In Situ Conservation

The conservation and protection of genetic resources in their natural habitats.

Biodiversity Hotspot

Regions that are significantly rich in biodiversity and are threatened with destruction, necessitating conservation efforts.