When a Market Is Not in Equilibrium

question 82

Multiple Choice

When a market is not in equilibrium,

• A) government intervention is required to achieve equilibrium.
• B) consumers will organize into special interest groups to promote their agenda.
• C) firms will increase contributions to political action committees.
• D) the economic motives of sellers and buyers will move the market to its equilibrium.
• E) it will simply stay in a state of disequilibrium.

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Definitions:

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli, which have qualities of real perception, making them vivid and distinct.

Sensory Perceptions

The process of receiving and interpreting information through the senses such as sight, sound, touch, taste, and smell.

Bulimia Nervosa

An eating disorder characterized by binge eating followed by purging, excessive exercise, or fasting to prevent weight gain.

Binge Eating

A disorder characterized by recurrent episodes of eating large quantities of food, often quickly and to the point of discomfort.