An Aphanitic Igneous Rock Is One That Has Erupted from a Volcano

question 46

True/False

An aphanitic igneous rock is one that has erupted from a volcano and is very fine-grained.

---

Definitions:

Excess Demand

A market condition in which the quantity demanded of a good or service exceeds the quantity supplied at a given price, leading to upward pressure on price.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price level, at a specific time.

Excess Demand

Occurs when the quantity demanded of a good or service at the current price exceeds the quantity supplied, often leading to upward pressure on prices.

Market Equilibrium

A state where the supply of goods matches demand, resulting in stable prices.