If a Market Is in Equilibrium, Then It Is Impossible

question 213

True/False

If a market is in equilibrium, then it is impossible for a social planner to raise economic welfare by increasing or decreasing the quantity of the good.

---

Definitions:

Workforce

The group of people who are employed or available for employment in a country, region, or organization.

Cultural Competency

The ability to understand, communicate with, and effectively interact with people across cultures.

Cultural Differences

Variations in the practices, values, and beliefs of different societies or communities, often leading to diverse worldviews and behaviors.

Communication

The exchange of information, thoughts, or messages through speech, writing, signals, or behavior.