Examlex

Solved

The Equilibrium Point Is the Point at Which Quantity of a Good

question 11

True/False

The equilibrium point is the point at which quantity of a good or service equals the quantity demanded.


Definitions:

Ostracised

Being ostracised refers to the exclusion or rejection of an individual or group from a society or inner circle, often as a form of punishment or a means of enforcing social norms.

Paralanguage

The non-verbal elements of communication used to modify meaning and convey emotion, such as tone of voice, loudness, and pitch.

Emoticon

A textual expression composed of characters from a standard keyboard to convey the writer's emotions or clarify tone, such as :) for a smile.

Substitute

A replacement or alternative for something else.

Related Questions