Imperfect Markets

question 1

Multiple Choice

Imperfect markets

• A) do not exist in democracies.
• B) always result in supply exceeding demand.
• C) always result in demand exceeding supply.
• D) occur when the buyer or seller has an influence on the price.
• E) can't occur if there are many buyers and many sellers.

---

Definitions:

Naming

The act or process of assigning a name or title to something or someone.

Classify

To arrange or organize by categories based on shared qualities or characteristics.

New Species

A group of organisms that has evolved distinct characteristics, making it different from other previously identified species.

Beetle

Insect belonging to the order Coleoptera, distinguished by their hard exoskeletons, wing cases (elytra), and wide variety of sizes and colors, making them one of the most diverse groups of insects.