Which of the Following Is the Best Way to Describe

question 263

Multiple Choice

Which of the following is the best way to describe equilibrium in a market? At equilibrium, the

• A) quantity supplied equals the quantity demanded.
• B) price is the lowest possible.
• C) price is usually affordable to most people.
• D) supply and demand curves can never shift again.

---

Definitions:

Subjective

Based on or influenced by personal feelings, tastes, or opinions, as opposed to objective observations or evidence.

Portfolio Assessments

An approach to evaluating performance based on a compilation of an individual's best work, demonstrating competency and growth over time.

Validity

The extent to which a test, tool, or research accurately measures what it is intended to assess.

Rubric

A tool or set of guidelines used to evaluate or assess a task, performance, or project according to predefined criteria.