Equilibrium Is the Condition That Exists

question 228

Multiple Choice

Equilibrium is the condition that exists

• A) whenever there is no government intervention in the market.
• B) when the demand curve intersects the price axis.
• C) when quantity demanded equals quantity supplied.
• D) when the demand curve intersects the quantity axis.

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Definitions:

Groundlings

In Elizabethan theatre, spectators who stood in the yard of the Globe Theatre, paying the least to see the performance.

Pronoun

A word used to replace a noun or noun phrase, often used to avoid repetition and to maintain smoothness in speech and writing.

Pronoun

A grammatical unit that substitutes for nouns or noun phrases, whose referents are previously known in the context.

Groundlings

Historically, audience members who stood in the pit of the Elizabethan theatres, most notably in Shakespeare's time.