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:

Correlation Coefficients

Statistical measures that determine the degree to which two variables vary together or the strength of their relationship.

Predictions

Statements or claims made about future events, often based on patterns observed in past data or understanding of processes.

Correlation Coefficients

Statistical measures that indicate the extent to which two or more variables fluctuate together.

Causation

The action of causing something, indicating a relationship between two events where one is the effect of the other.