Equilibrium Is Reached Where There Is No Inherent Force Causing

question 181

True/False

Equilibrium is reached where there is no inherent force causing quantity supplied or quantity demanded to change.

---

Definitions:

Phases

Distinct stages in a process of change or development, often marked by particular features or phenomena.

Psychological Components

Elements or aspects of an individual’s mental processes and functions, encompassing attitudes, emotions, cognition, and behavioral patterns.

Cognitive

Related to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Physiological

Pertains to the functions and activities of living organisms and their parts, including all physical and chemical processes.