Equilibrium in a Market Is

question 58

Multiple Choice

Equilibrium in a market is

• A)a situation in which there are no inherent forces that produce change.
• B)the natural state of affairs in the market.
• C)the actual price and quantity that will exist in a market.
• D)the best price and quantity that can exist in a market.
• E)All of these responses are correct.

---

Definitions:

Employees' Commitment

The level of enthusiasm and dedication an employee has towards their job and company.

Organizational Goals

Objectives or targets that an organization aims to achieve, which guide its operational and strategic planning.

Reinforcement Theory

A theory in psychology that suggests behavior is motivated by its consequences, with reinforcements used to either increase or decrease the likelihood of a behavior’s occurrence.

Motivate Employees

The process of encouraging and inspiring workers to improve their performance or to achieve specific goals through various strategies and incentives.