Multiple Choice
Which of the following statements is TRUE?
A) The concept of equilibrium requires that all individuals have an equal amount of income.
B) If a market is in equilibrium, the price in that market will not fluctuate by more than 5%.
C) If a market is in equilibrium, there will be no remaining opportunities for individuals to make themselves better off.
D) A market is in equilibrium when the number of buyers is equal to the number of sellers.
Correct Answer:
Verified
Correct Answer:
Verified
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