Which of the Following Occurs When a Market Is in Equilibrium

question 66

Multiple Choice

Which of the following occurs when a market is in equilibrium?

• A)quantity supplied is equal to quantity demanded
• B)supply is equal to demand.
• C)the price of the good will tend to rise, all else held constant.
• D)the price of the good will tend to fall, all else held constant.

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Definitions:

Resisting Forces

Factors that oppose or hinder change in an organization or system.

Organization Culture

The shared values, beliefs, and practices that shape how work is done and how people interact within an organization.

Customer Complaints

Feedback or grievances voiced by customers regarding dissatisfaction with a product or service.

Declining Profits

A situation in which a business experiences a decrease in financial gains over a period, indicating challenges in revenue generation or cost management.