When Used in a Professional or Technical Sense, the Law

question 65

Multiple Choice

When used in a professional or technical sense, the law of supply and demand refers to

• A)some vague influences on economic affairs.
• B)the fact that prices go up when commodities are scarce.
• C)the market forces that show how prices and quantities are determined.
• D)the controls that regulate the amount of scarce goods that each consumer can purchase.

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Definitions:

K-selected Species

Species characterized by long gestation periods, few offspring, and a strategy focused on survival and longevity over reproduction.

Offspring

The direct descendants or young produced by an organism, either through sexual or asexual reproduction.

Dispersal Pattern

The way in which individuals in a population space themselves out over their environment, influencing population dynamics and community structure.