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:

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, often used recreationally and associated with serious health risks.

Health/Medical Issues

This term encompasses any physical or psychological conditions or diseases that affect an individual's well-being or daily functioning.

Hepatitis

An inflammation of the liver, often caused by a virus, that can severely impact liver function and overall health.

Gastrointestinal

Pertaining to the stomach and intestines, often used in contexts discussing digestion, diseases, and treatments related to this part of the body.