Solved

-On the Graph Above, at the Point Where Quantity Demanded

Question 66

Multiple Choice

  -On the graph above, at the point where quantity demanded equals quantity supplied (let's call it point A) , the economy has reached its ________. A)  general equilibrium, and barring any shocks, it will not move from A B)  long-run equilibrium, and barring any shocks, it will not move from A C)  short-run equilibrium, and even without any shocks, it may move away from A D)  short-run equilibrium, and barring any shocks, it will not move from A E)  none of the above
-On the graph above, at the point where quantity demanded equals quantity supplied (let's call it point A) , the economy has reached its ________.


A) general equilibrium, and barring any shocks, it will not move from A
B) long-run equilibrium, and barring any shocks, it will not move from A
C) short-run equilibrium, and even without any shocks, it may move away from A
D) short-run equilibrium, and barring any shocks, it will not move from A
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions