At the Equilibrium Price

question 135

Multiple Choice

At the equilibrium price,

• A) quantity supplied may exceed quantity demanded or vice versa.
• B) there are no pressures on price to either rise or fall.
• C) there are forces that cause price to rise.
• D) there are forces that cause price to fall.

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Definitions:

Not-For-Profit

An organization that operates for purposes other than generating profit, focusing instead on social, educational, or charitable objectives.

Government Organizations

Institutions or entities operated by the government to implement its policies and provide public services.

Repayment

The act of paying back money that was borrowed, often including the principal amount plus any accrued interest.

Interest

The feeling of wanting to learn more about something or to be involved in something.