A Market Is in Equilibrium

question 84

Multiple Choice

A market is in equilibrium:

• A) when there is a surplus of the product in the market.
• B) at all prices above that shown by the intersection of the supply and demand curves.
• C) if the amount producers want to sell is equal to the amount consumers want to buy.
• D) whenever the demand curve is downsloping and the supply curve is upsloping.

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Definitions:

Cheilosis

A condition characterized by cracking and inflammation of the lips, corners of the mouth, often due to vitamin deficiency or infection.

Abdomen

The part of the body that lies between the thorax (chest) and pelvis, housing many vital organs, including the stomach, liver, and intestines.

Large Intestine

The final section of the digestive system, responsible for absorbing water and electrolytes and forming and storing feces.

Digestion

The biological process by which food is broken down into smaller components, making nutrients available for absorption into the body.