Multiple Choice
Which of the following is the correct way to describe equilibrium in a market?
A) At equilibrium, demand equals supply.
B) At equilibrium, quantity demanded equals quantity supplied.
C) At equilibrium, market forces are no longer at work.
D) Equilibrium is a tendency, a state of perpetual motion.
E) Equilibrium is the best combination of price and quantity.
Correct Answer:
Verified
Correct Answer:
Verified
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