The Equilibrium of Supply and Demand in a Market Maximizes

question 197

True/False

The equilibrium of supply and demand in a market maximizes the total benefits to buyers and sellers of participating in that market.

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Definitions:

Retina

The light-sensitive layer of tissue at the back of the inner eye, which converts light rays into nerve signals that are sent to the brain to create visual images.

Optic Nerve

A cranial nerve that transmits visual information from the retina to the brain.

Sympathetic Branch

Part of the autonomic nervous system that activates the fight or flight response, responsible for increasing heart rate, blood pressure, and energy mobilization.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the body, including heart rate, digestion, and respiratory rate.