Which of the Following Is NOT a Characteristic of a Market

question 52

Multiple Choice

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

• A)Excess supply is zero.
• B)All consumers are able to purchase an amount equal to their quantity demanded.
• C)Excess demand is zero.
• D)The equilibrium price is stable, i.e., there is no pressure for it to change.

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Definitions:

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a fundamental concept in humanistic psychology.

Need for Achievement

A psychological trait that drives an individual to pursue and attain goals, often associated with a high level of motivation and ambition.

Irrational

Lacking reason or logical thinking; actions or beliefs that are not based on logical reasoning or clear thinking.

Self-destructive Behaviors

Actions undertaken by an individual that intentionally or inadvertently cause harm or damage to themselves, often as a way of coping with distress or psychological pain.