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.

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Definitions:

Property Owned

Assets or possessions that are legally held, owned, or controlled by an individual or entity.

Family History

The health histories of members of a family, which can indicate the genetic predispositions to certain diseases within that family.

Skill

The ability to do something well, acquired through training, experience, or practice.

Class Maps

Visual or conceptual representations that illustrate the various social classes and their relative positions or relations within a society.