If the Price of an Item Can Freely Adjust, a Market

question 285

Multiple Choice

If the price of an item can freely adjust, a market will

• A) always move towards equilibrium.
• B) always have an excess quantity demanded.
• C) always have an excess quantity supplied.
• D) never move towards equilibrium because prices are always increasing.

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Definitions:

Employees

Individuals who are hired by someone for wages or salary, often to perform specific duties within an organization.

Workplace Conflicts

Disagreements or disputes between employees or between employees and management, which can arise from differences in personality, values, or interests.

Affiliation-oriented

A focus or emphasis on building relationships and forming connections with others.

Social Motives

The underlying psychological needs, drives, or desires that influence individuals' social behavior and interactions.