Which of the Following Is NOT a Characteristic of a Market

question 143

Multiple Choice

Which of the following is NOT a characteristic of a market in equilibrium?

• A)There is neither excess supply nor excess demand.
• B)Neither buyers nor sellers want the price to change.
• C)Sellers can sell as many units as they want at the equilibrium price.
• D)Buyers can buy as many units as they want at the equilibrium price.

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Definitions:

Active Voice

A sentence structure where the subject performs the action stated by the verb, emphasizing the actor.

Abstract Words

Terms that represent ideas, qualities, or concepts rather than tangible objects, making them subjective and often open to interpretation.

Concrete Words

Words that describe physical objects, actions, or phenomena that can be observed and measured.

Vague

Lacking clarity or precision in thought or expression, often intentionally.