If Equilibrium Exists

question 114

Multiple Choice

If equilibrium exists:

• A)all individuals must have an equal amount of income.
• B)the price in that market will not fluctuate by more than 5%.
• C)there will be no remaining opportunities for individuals to make themselves better off.
• D)the number of buyers will equal the number of sellers.

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Definitions:

Action Queries

Database commands that perform operations such as update, delete, or insert on records in a table according to given criteria, altering the data.

Delete Query

A type of SQL command or query designed to remove records from a database table based on specified conditions.

Update Query

A type of database query that modifies the data in existing records based on specified criteria.

Make-Table Query

A type of query in database management systems that creates a new table and populates it with data resulting from the query.