Which of the Following Properties Hold True for the Equilibrium

question 45

Multiple Choice

Which of the following properties hold true for the equilibrium price-quantity combination?

• A)Buyers who are willing to pay higher than the equilibrium price do not find sellers.
• B)At the equilibrium price producer surplus equals consumer surplus.
• C)The equilibrium output is produced at the lowest avoidable cost.
• D)The equilibrium output is produced at the lowest opportunity cost.

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Definitions:

Relaxation Training

Techniques designed to reduce stress and anxiety by achieving physical and mental calm, including methods like deep breathing, meditation, and progressive muscle relaxation.

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A treatment approach that uses medical procedures and medications to treat psychological disorders.

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A type of psychotherapy aimed at changing negative patterns of thinking.

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A treatment technique for mental and emotional disorders utilizing psychological methods, typically involving verbal communication between the therapist and patient.