Multiple Choice
When a market is not in equilibrium:
A) government intervention is required to achieve equilibrium.
B) firms will increase contributions to political action committees.
C) the economic motives of sellers and buyers will move the market to its equilibrium.
D) it will simply stay in a state of disequilibrium.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: The supply curve illustrates that firms:<br>A)increase the
Q5: "Holding all other relevant factors constant, consumers
Q6: As the price of a good rises:<br>A)firms
Q7: Which of the following is NOT true
Q10: If supply decreases while demand increases simultaneously,
Q11: Suppose that both the equilibrium price and
Q12: Suppose that the price of doughnuts decreases
Q13: In general, when the demand curve shifts
Q26: Suppose that a disease that affects people
Q44: A seller's reservation price is generally equal