There Is Equilibrium in the Market When

question 50

Multiple Choice

There is equilibrium in the market when:

• A) there is no shortage.
• B) there is no surplus.
• C) price is established where the supply curve and the demand curve intersect.
• D) all of the above are true.

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Definitions:

Injured

The state of being harmed or damaged physically or psychologically.

Public Place

An area that is open and accessible to people, such as parks, streets, and public squares.

Help

Assistance given to those in need or in difficulty.

Rejection

The act of dismissing or refusing a proposal, idea, or individual, often leading to feelings of exclusion or inadequacy.