If a Market Is NOT in Equilibrium, Then Which of the Following

question 172

Multiple Choice

If a market is NOT in equilibrium, then which of the following is likely to occur?

• A) The demand curve will shift to bring the market to equilibrium.
• B) The price will adjust to bring the market to equilibrium.
• C) The supply curve will shift to bring the market to equilibrium.
• D) Both A and B are correct.

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Definitions:

Fire Extinguisher

A portable device used to put out small fires by discharging a substance that cools the burning material, deprives the flame of oxygen, or interferes with the chemical reactions occurring in the flame.

Positive Activities

Actions or pursuits that contribute to well-being and happiness, often involving physical, mental, or social engagement.

Self-confidence

The state of trust in one's abilities, qualities, and judgment.

Budget Period

A specific timeframe, usually a fiscal year or quarter, within which financial planning and expenditure occur.