Which of the Following Is the Correct Way to Describe

question 235

Multiple Choice

Which of the following is the correct way to describe equilibrium in a market?

• A)At equilibrium, demand equals supply.
• B)At equilibrium, quantity demanded equals quantity supplied.
• C)At equilibrium, market forces are no longer at work.
• D)Equilibrium is a tendency, a state of perpetual motion.
• E)Equilibrium is the best combination of price and quantity.

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Definitions:

Administrative Leadership

Leadership focused on the management, policies, and administrative processes of an organization to ensure its proper operation.

Entrepreneurial

Pertaining to the undertaking of new ventures or initiatives, especially in business, characterized by innovation, risk-taking, and proactiveness.

Adaptive

refers to the ability or capacity to adjust, modify, or change in response to alterations in the environment or circumstances.

Supportive

Pertaining to actions or behaviors that provide encouragement, assistance, or comfort to others, often aiming to alleviate stress or improve well-being.