At Equilibrium,quantity Sold Equals the Quantity Bought

question 48

Multiple Choice

At equilibrium,quantity sold equals the quantity bought.This implies that

• A) to sell more, producers require more in payment than consumers are willing to pay.
• B) government regulation is necessary.
• C) to sell less would require a lower price but would yield greater profit.
• D) those who don't buy have been treated unfairly.

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Definitions:

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimuli have ended.

Central Executive

A component of working memory in cognitive psychology that manages and directs attention and the processing of information from other working memory subsystems.

Sensory Regulator

A device or technique used to manage or modulate sensory input to help an individual maintain an optimal arousal level.

Reflex Center

An area in the nervous system that coordinates involuntary responses or reflexes, often located in the spinal cord or brain.