In an Experiment Investigating Whether People Can Train Their Sense

question 516

True/False

In an experiment investigating whether people can train their sense of smell, participants were repeatedly exposed to a particular class of odors (floral or minty). As a result of this repeated exposure, the participants became more sensitive to the odors and improved their ability to distinguish subtle differences among different scents.

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Definitions:

Excess Supply

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to a price decrease.

Excess Demand

A situation in which the demand for a product or service surpasses its supply in a market, often leading to price increases.

Market Equilibrium

A situation where the quantity of a good or service supplied equals the quantity demanded at a specific price level.

Excess Demand

A scenario in which the current price of a product or service leads to a demand that surpasses its available supply.