When a Market Is Not in Equilibrium

question 8

Multiple Choice

When a market is not in equilibrium:

• A)government intervention is required to achieve equilibrium.
• B)firms will increase contributions to political action committees.
• C)the economic motives of sellers and buyers will move the market to its equilibrium.
• D)it will simply stay in a state of disequilibrium.

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Definitions:

Out-Of-Province

Referring to something or someone not originating from or existing outside the specified province or region.

Laws

Established and enforced rules governing the behavior of individuals and groups within a society.

Insurance Policy

A document detailing the terms, coverage, limitations, and premiums of an agreement between an individual or entity and an insurance provider.

Terms

Words or expressions used in a particular context, often referring to specialized vocabulary associated with a specific field of study or interest.