At the Equilibrium Price, the Quantity That Buyers Want to Buy

question 160

True/False

At the equilibrium price, the quantity that buyers want to buy exactly equals the quantity that sellers want to sell.

---

Definitions:

Photon

A quantum of light or electromagnetic radiation, carrying energy proportional to the radiation frequency but with zero rest mass.

1,3-butadiene

An organic compound that is a simple conjugated diene with the formula C4H6, which is used as a monomer in the production of synthetic rubber.

UV λmax Absorption

The specific wavelength at which a substance absorbs the maximum amount of ultraviolet (UV) light, indicative of its chemical structure.

Conjugated Systems

A chemical structure where alternating single and double bonds allow for delocalized electrons across the structure, enhancing stability and color properties.