Equilibrium Occurs

question 54

Multiple Choice

Equilibrium occurs:

• A)at any price for which quantity demanded is less than the quantity supplied.
• B)at the highest possible price the seller can offer the product.
• C)at the lowest price consumers are willing to pay.
• D)at any price for which demand is equal to supply.

---

Definitions:

Distributed Practice

A learning strategy where study sessions are spaced out over time, rather than condensed into short, intense periods, to improve long-term retention of material.

Cram Session

A focused study period immediately before an exam aiming for rapid memorization or understanding of content.

Chunked

The process of organizing or breaking down information into smaller, manageable units or chunks to improve recall and understanding.

Massed

Massed practice refers to the learning approach where information or skills are studied intensively over short periods of time, without breaks.