Which Situation Could Keep a Market from Ending Up in Equilibrium

question 135

Multiple Choice

Which situation could keep a market from ending up in equilibrium?

• A) Buyers have inadequate information about products.
• B) Sellers have adequate information about products.
• C) Buyers have realistic expectations about market prices.
• D) Sellers have accurate expectations about market behavior.

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Definitions:

Reaction

A process in which substances known as reactants undergo chemical change, producing new substances called products.

Equilibrium Constant

A numerical value that expresses the ratio of products to reactants at equilibrium for a given chemical reaction, indicating the extent to which a reaction proceeds.

Reaction

A reaction is a process in chemistry where one or more substances, the reactants, undergo a transformation to form one or more different substances, the products.