Market Equilibrium Occurs When

question 126

Multiple Choice

Market equilibrium occurs when

• A) demand and supply move in opposite directions.
• B) the quantity demanded equals the quantity supplied.
• C) opposing forces pull demand and supply apart.
• D) all markets become equal.
• E) demand and supply change so that they are equal at ALL possible prices.

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Definitions:

Liters

A metric unit of volume equal to one cubic decimeter, used to measure liquids and gases.

Reception

The act or process of receiving guests or answering calls in settings such as hotels, events, or offices.

USDA

The United States Department of Agriculture, an agency overseeing agriculture, food safety, and rural development.

Grams

It's a metric system measurement for mass, precisely one thousandth the size of a kilogram.