Which of the Following Occurs When a Market Is in Equilibrium

question 66

Multiple Choice

Which of the following occurs when a market is in equilibrium?

• A)quantity supplied is equal to quantity demanded
• B)supply is equal to demand.
• C)the price of the good will tend to rise, all else held constant.
• D)the price of the good will tend to fall, all else held constant.

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Definitions:

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A process in which individuals select partners or objects that are similar to themselves in some specific attributes or characteristics.

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Examinations that cover a wide range of material usually accumulated over the course of a semester or an academic term, intended to assess the comprehensive understanding of the subject matter by the student.

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