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:

Resistant

The quality of not easily accepting or being open to change or new ideas.

Coverts

Individuals or actions involving concealed, secret, or disguised behaviors, often intended to avoid detection.

Resistant

The quality of being opposed to or defending against something, especially change or adverse conditions.

Strongly Identify

The degree to which an individual aligns themselves with and feels a part of a particular group, cause, or belief.