A Helium Balloon Rises Because of

question 66

Multiple Choice

A helium balloon rises because of

• A)Archimedes' principle.
• B)Pascal's principle.
• C)Bernoulli's principle.
• D)Torricelli's principle.
• E)none of these principles.

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Definitions:

Not Binding

A term used to describe a situation where a constraint or limit (such as a price ceiling or floor) does not affect the equilibrium outcome of the market.

Equilibrium Price

The market price where the quantity of goods supplied equals the quantity of goods demanded.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared and able to buy at a specific price.

Equilibrium Price

The price point at which the demand for a product matches the supply of the product, ensuring market stability.