Which of the Following Is the Best Way to Describe

question 354

Multiple Choice

Which of the following is the best way to describe equilibrium in a market? At equilibrium, the

• A) price is the lowest possible.
• B) price is usually affordable to most people.
• C) supply and demand curves can never shift again.
• D) quantity supplied equals the quantity demanded.

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Definitions:

Sole Proprietorships

A type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.