-On the Graph Above, at the Point Where Quantity Demanded

question 66

Multiple Choice

-On the graph above, at the point where quantity demanded equals quantity supplied (let's call it point A) , the economy has reached its ________.

• A) general equilibrium, and barring any shocks, it will not move from A
• B) long-run equilibrium, and barring any shocks, it will not move from A
• C) short-run equilibrium, and even without any shocks, it may move away from A
• D) short-run equilibrium, and barring any shocks, it will not move from A
• E) none of the above

---

Definitions:

Lichens

Symbiotic associations between a fungus and a photosynthetic partner, typically an alga or cyanobacterium, living together in a mutualistic relationship.

Horizontal Gene Transfer

The movement of genetic material between unicellular and/or multicellular organisms other than by the "vertical" transmission of DNA from parent to offspring.

Transformation

Taking up of extraneous genetic material from the environment by bacteria.

Transduction

Exchange of DNA between bacteria by means of a bacteriophage.