If Equilibrium Is Present in a Market

question 14

Multiple Choice

If equilibrium is present in a market:

• A) there is either a shortage or a surplus.
• B) the quantity demanded equals quantity supplied.
• C) the quantity demanded exceeds quantity supplied.
• D) the quantity supplied exceeds quantity demanded.

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Definitions:

Organized

Being arranged or planned in a systematic, orderly manner.

Abuse Drugs

The improper or hazardous use of chemical substances for non-medical reasons, often leading to addiction, physical, and mental health problems.

Conscientiousness

A feature indicating a person's preference for order, their trustworthy nature, and their profound sense of dedication to tasks.

Gregariousness

The quality of being fond of company; sociability.