Which of the Following Is the Correct Way to Describe

question 235

Multiple Choice

Which of the following is the correct way to describe equilibrium in a market?

• A)At equilibrium, demand equals supply.
• B)At equilibrium, quantity demanded equals quantity supplied.
• C)At equilibrium, market forces are no longer at work.
• D)Equilibrium is a tendency, a state of perpetual motion.
• E)Equilibrium is the best combination of price and quantity.

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Definitions:

United States

A country located in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Divorce Rate

The statistical measure of the number of divorces occurring among the population within a given time period, often per 1,000 inhabitants.

Economic Outcome

The result or consequence of an economic activity or the overall state of the economy at a specific time.

Former Husband

is a man to whom a person was once legally married but is no longer due to divorce or annulment.