A Market Is in Equilibrium When

question 18

Multiple Choice

A market is in equilibrium when

• A)supply is equal to demand.
• B)the price is adjusting upward.
• C)the quantity supplied is equal to the quantity demanded.
• D)tastes and preference remain constant.

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Definitions:

Hyperpolarized

Hyperpolarized refers to a state where a cell's membrane potential is more negative than its normal resting potential, often making the cell less active.

Stimulus Strength

The magnitude or intensity of a stimulus that influences the degree of response of a biological system.

Action Potential

A temporary reversal of an electrically polarized state in a nerve fiber that travels down the fiber to transmit a nerve impulse.

Frequency

The number of occurrences of a repeating event per unit of time, often used in the context of waves or vibrations.