Once an Equilibrium Is Achieved,it Can Persist Indefinitely Because

question 147

Multiple Choice

Once an equilibrium is achieved,it can persist indefinitely because

• A) shocks that shift the demand curve or the supply curve cannot occur.
• B) shocks to the demand curve are always exactly offset by shocks to the supply curve.
• C) the government never intervenes in markets at equilibrium.
• D) in the absence of supply/demand shocks no one applies pressure to change the price.

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Definitions:

Sensory Information

Data obtained from the environment through the senses, such as sight, hearing, smell, taste, and touch.

Electrical Signal

A form of signal used in electrical systems that represents data through variations in voltage, current, or frequency.

Neuron

A nerve cell that is the basic building block of the nervous system, responsible for transmitting information.

Plasticity

The brain's ability to change and adapt as a result of experience, including both structural and functional modifications.