Multiple Choice
Once an equilibrium is achieved,it can persist indefinitely because
A) shocks that shift the demand curve or the supply curve cannot occur.
B) shocks to the demand curve are always exactly offset by shocks to the supply curve.
C) the government never intervenes in markets at equilibrium.
D) in the absence of supply/demand shocks no one applies pressure to change the price.
Correct Answer:

Verified
Correct Answer:
Verified
Q141: The supply-and-demand model may not be appropriate
Q142: Producer groups tend to lobby for<br>A) price
Q143: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure
Q144: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure
Q145: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The figure above
Q146: If government regulations increase the cost of
Q148: The expression "increase in quantity supplied" is
Q149: When two goods are complements,a shock that
Q150: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure
Q151: What is one reason the supply and