When Equilibrium Is Achieved and No Net Diffusion Is Taking

question 167

True/False

When equilibrium is achieved and no net diffusion is taking place, there is no movement of molecules.

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Definitions:

Rent-Control Scheme

A rent-control scheme is a government policy that sets a maximum price that can be charged for rental housing, aiming to make housing more affordable.

Equilibrium Rental Price

The price at which the quantity of rental properties supplied equals the quantity demanded.

Quota Rent

The earnings exceeding the normal anticipated returns due to import or export quotas.

Deadweight Loss

A decrease in economic effectiveness occurring when a good or service doesn't reach its free market equilibrium.