In the Short Run, Once a Market Has Reached Equilibrium

question 133

Multiple Choice

In the short run, once a market has reached equilibrium

• A) price and quantity will be stable.
• B) quantity will drift upward.
• C) forces are set in motion that will shift supply and demand.
• D) price and quantity will gravitate toward a new equilibrium.

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Definitions:

Reaction

The process by which chemical substances transform into different substances, often involving the breaking and forming of bonds between atoms.

Reaction

A process in which substances interact to form new substances with different physical and chemical properties.

Pentanamide

An organic compound characterized by the presence of a five-carbon chain terminated with an amide group, with the formula CH3(CH2)3CONH2.

1-Pentanamine

An organic compound, a type of primary amine with the chemical formula C5H13N, used in chemical synthesis and as an intermediate.