The Law of Supply and Demand Asserts That

question 129

Multiple Choice

The law of supply and demand asserts that

• A)demand curves and supply curves tend to shift to the right as time goes by.
• B)the price of a good will eventually rise in response to an excess demand for that good.
• C)when the supply curve for a good shifts,the demand curve for that good shifts in response.
• D)the equilibrium price of a good will be rising more often than it will be falling.

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Definitions:

Stereochemical Detail

Aspects of a molecule that involve the spatial arrangement of atoms, crucial for understanding the behavior and reactivity of different molecular isomers.

Major Product

The substance that is formed in the greatest quantity in a chemical reaction, as determined by reaction pathways and conditions.

Regio-

A prefix in chemistry indicating the region or specific position within a molecule where a reaction takes place.

Stereochemical Detail

Information about the spatial arrangement of atoms within molecules, important for understanding the behavior and reactivity of different isomers.