Which of the Following Is the Best Way to Describe

question 354

Multiple Choice

Which of the following is the best way to describe equilibrium in a market? At equilibrium, the

• A) price is the lowest possible.
• B) price is usually affordable to most people.
• C) supply and demand curves can never shift again.
• D) quantity supplied equals the quantity demanded.

---

Definitions:

Physical Factors

Environmental elements that can influence the functioning of an organism or system, such as climate, terrain, or availability of resources.

Human Factors

The study of how humans interact with various systems and environments, aiming to improve efficiency, safety, and usability.

Intermittent Production System

A manufacturing process in which the production run is short and the machines are changed frequently to make different products.