Which of the Following Statements Describes Equilibrium in a Market

question 69

Multiple Choice

Which of the following statements describes equilibrium in a market?

• A) At equilibrium, quantity demanded equals quantity supplied.
• B) Equilibrium is a tendency for price to change, a state of perpetual motion.
• C) At equilibrium, there will always be a surplus for consumers to purchase.
• D) At equilibrium, market forces no longer apply.

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Definitions:

Target Profit

The amount of net income a company aims to achieve for a specific period by setting certain sales targets and cost controls.

Monthly

Pertaining to something that occurs, is done, or calculated on a month-to-month basis.

Unit Sales

The total number of individual units of product sold by a company during a certain period of time.

Target Profit

The desired net income a company aims to achieve within a specific period, often used for setting sales targets and pricing strategies.