Those Things Held Unchanged When an Equilibrium Price Is Established

question 58

Multiple Choice

Those things held unchanged when an equilibrium price is established:

• A) are called demand and supply shifters if a change in one (or more) of them would change demand or supply.
• B) include only supply shifters.
• C) seldom change, and therefore prices and quantity in most markets are remarkably stable.
• D) never change, by definition.

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Definitions:

GM Stock

Equity shares of General Motors Company, traded on stock exchanges.

December Futures Contracts

Futures contracts that are set to expire in the month of December, often traded for commodities or financial instruments.

Cotton

A natural fiber and a commodity traded globally, used primarily in the textile industry.

Profit Or Loss

The financial result of a company’s operations and activities for a specific period, indicating the difference between revenues and expenses.