Market Equilibrium Is Described as Which of the Following

question 66

Multiple Choice

Market equilibrium is described as which of the following?

• A) the point at which a nation reaches full employment
• B) the time period used to determine the Consumer Price Index (CPI)
• C) the point at which quantity supplied equals quantity demanded
• D) the moment when profit is created

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Definitions:

Dishabituation

A renewal of attention or a response to a stimulus that had previously become familiar through habituation.

Stimulus

An external factor or event that provokes a specific functional reaction in an organ or tissue.

Renewed Interest

A revived or rekindled focus and curiosity in a particular subject, activity, or issue that perhaps had been previously set aside or overlooked.

Visual Stimulus

Any object or event in the environment that draws visual attention or elicits a visual response.