Which of the Following Is NOT True About the Equilibrium

question 315

Multiple Choice

Which of the following is NOT true about the equilibrium price?

• A) The price where a change in quantity supplied occurs.
• B) The price where the demand curve intersects the supply curve.
• C) The price where quantity demanded equals quantity supplied.
• D) The price where there is neither excess quantity demanded or excess quantity supplied.

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Definitions:

Nonprofit Organizations

Organizations that operate for the public or social benefit, without the goal of making profits for owners or shareholders.

Social Change

The variation in societal norms and cultural values over time, which impacts the way individuals and communities live and interact.

Worth

The value or importance of something, often measured in terms of money, effectiveness, or intrinsic merit.

Private Foundations

Nonprofit organizations funded by a single source, like a family or corporation, to support charitable activities.