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Q: Would it be good for your soul to reach equilibrium for oxygen gas?
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Can living things reach equilibrium?

Essentially by the continuous transfer of molecules in and out of the cell - glucose is a good example of a molecule the cell continually needs to take in.


What is shown by the intersection of supply curve and the demand curve?

the equilibrium price of a good or service


What price when demand is zero?

If demand is zero, then the equilibrium price is zero and it would be unwise to supply such a good or service.


How does the consumer surplus change as the equilibrium price of a good rises or falls?

As the equilibrium price of a good raises the producer surplus increases as well, and as the equilibrium price falls the producer surplus decreases accordingly.


What will happen to the equilibrium price and quantity of a normal good if the demand for the good increases and supply constant?

the equilibrium price rises and the quantity increases


What would happen if suppliers charge less than the equilibrium price for your good or service?

producers would supply less than consumers would be willing to consume at that particular price. There would be SHORTAGE


When maximum price below the equilibrium price causes excess?

a price ceiling set below the market equilibrium creates an excess demand, leading to a shortage of the good. Think about it like this, if a good is a lot cheaper than it should be, more people would want to buy it, but less people would want to make it, since its so cheap.


What would happen to the equilibrium price and quantity exchanged if an increase in income and a decreasing price of complement for a normal good?

the equilibrium price and quantity exchanged will go up because thr curve of demand shift rightward in both situations.


Does the body need oxygen because it needs to make more blood?

No, your blood would stop running if you get no oxygen, but at the same time you would need oxygen to keep your blood going. So its a good chance of 'no'


What would it be like to stay the night on the moon?

depending on if u have enough oxygen and food it would be pretty good, but i dobvt we have enough oxygen to stay the WHOLE night.:)


Is Mars a good place to live on and why?

There is no water, no food, no oxygen, and no animals.


How can a consumer can attain equilibrium through ic curve?

consumer attains equilibrium if the price of good by seller is same as price decided by buyer.