Multiple Choice
If equilibrium exists:
A) all individuals must have an equal amount of income.
B) the price in that market will not fluctuate by more than 5%.
C) there will be no remaining opportunities for individuals to make themselves better off.
D) the number of buyers will equal the number of sellers.
Correct Answer:
Verified
Correct Answer:
Verified
Q109: Which of the following policies is MOST
Q110: Buying vegetables at a farmers' market benefits
Q111: Resources are being used efficiently when:<br>A)scarcity is
Q112: If a market is in disequilibrium:<br>A)it will
Q113: The opportunity cost of something is:<br>A)larger during
Q115: A busy professor needs to decide whether
Q116: Which statement is an example of individual
Q117: All children have to be immunized against
Q118: In most cases,economic efficiency is achieved through:<br>A)incentives
Q119: In equilibrium,there will be no further opportunities