Economists Assume That When There Is a Change in Supply

question 123

Multiple Choice

Economists assume that when there is a change in supply and/or demand, the market clearing price returns to the equilibrium

• A) quickly.
• B) slowly.
• C) after a protracted negotiation process.
• D) after an adjustment period.

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Definitions:

Subclavian Vein

A major vein that receives blood from the arm and the chest wall, transporting it back to the heart.

External Iliac Vein

A large vein in the pelvic region that carries deoxygenated blood from the lower limbs back to the heart.

Cephalic Vein

A large vein on the outermost side of the upper arm, commonly used for intravenous injections or blood draw.

Hepatic Vein

A vein that drains blood from the liver into the inferior vena cava, helping in the regulation of blood pressure in the liver.