If Equilibrium Exists

question 114

Multiple Choice

If equilibrium exists:

• A)all individuals must have an equal amount of income.
• B)the price in that market will not fluctuate by more than 5%.
• C)there will be no remaining opportunities for individuals to make themselves better off.
• D)the number of buyers will equal the number of sellers.

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Definitions:

Clear Language

The use of straightforward and easy-to-understand language to ensure effective communication with the audience.

Leadership Strength

The consolidation of various attributes and skills that empower an individual to effectively lead, guide, and influence others toward achieving shared goals.

Intimidation

The act of making someone feel frightened or overawed, especially in order to influence their behavior.

Delegation

The act of assigning to another; authorization and entrustment of tasks; enlistment of the energy and talents of others to accomplish more than would be possible working alone; a leadership skill required for multiplying effectiveness, including the following rules: Don’t delegate the bad jobs, saving the good ones for yourself; use delegation as a development tool; delegate work fairly among all employees; insist on clear communications; and learn to live with work styles that are not like your own.