Which of the Following Statements Is/are Correct

question 25

Multiple Choice

Which of the following statements is/are correct?
i.An object hanging motionless on a spring is in a static equilibrium
ii.In a dynamic equilibrium,the reversible changes occur continuously,even though there is no appearance of change
iii.The amounts of substances present in a system at equilibrium are equal

• A)i only
• B)ii only
• C)iii only
• D)i and ii
• E)ii and iii

---

Definitions:

Low-Income Borrowers

Individuals or households with low income levels who may face difficulties in obtaining loans or are considered high risk by lenders.

Legal Interest Rate

The maximum rate of interest that lenders can legally charge borrowers, often set by law or regulation.

Economic Profits

Profits that exceed the opportunity costs of all resources used by a firm, including both explicit and implicit costs.

Accounting Profits

The financial gain calculated by subtracting total explicit costs from total revenue, as recorded in the financial statements.