Equilibrium in a Market Is

question 228

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 the above are correct.

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Definitions:

Tautology

A statement that is true by necessity or by virtue of its logical form, often repeating the same idea in different words.

Disjunct

An individual element or statement within a disjunction, where the truth of any one element makes the disjunction true.

Disjunction

An operation in logic that results in true if one or more of the inputs are true.

Tautology

A statement in logic that is true in every possible interpretation or a redundant statement that doesn't provide additional information.