Multiple Choice
Market equilibrium occurs when
A) demand and supply move in opposite directions.
B) the quantity demanded equals the quantity supplied.
C) opposing forces pull demand and supply apart.
D) all markets become equal.
E) demand and supply change so that they are equal at ALL possible prices.
Correct Answer:

Verified
Correct Answer:
Verified
Q121: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" The above figure
Q122: Which of the following results in a
Q123: The phrase 'a change in demand' most
Q124: A supply curve<br>A) slopes upward.<br>B) is a
Q125: A competitive market is in equilibrium. Then
Q127: If good weather conditions result in a
Q128: A change in the demand for apples
Q129: Which of the following does NOT increase
Q130: The law of demand implies that, other
Q131: If the price is below the equilibrium