Define Condensation

question 88

Multiple Choice

Define condensation.

• A) A liquid becomes a gas.
• B) A gas becomes a liquid.
• C) A gas becomes a solid.
• D) A liquid becomes a solid.
• E) A solid becomes a liquid.

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Definitions:

Law of Demand

An economic principle stating that as the price of a good or service decreases, the quantity demanded increases, and vice versa, holding other factors constant.

Effective Price Floor

A government-imposed limit below which prices cannot legally fall, set above the equilibrium price, leading to potential surplus or excess supply.

Industry Firms

Companies or businesses that operate within a specific sector of the economy, producing goods or services related to that sector.

Ceiling Price

A maximum legal price set by the government on certain goods or services to prevent prices from rising above a certain level.