Which of the Following Is NOT a Characteristic of a Market

question 97

Multiple Choice

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

• A) Quantity demanded equals quantity supplied.
• B) Excess supply is zero.
• C) All consumers are able to purchase as much as they wish.
• D) Excess demand is zero.
• E) The equilibrium price is stable,i.E.
• ,there is no pressure for it to changE.

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Definitions:

Industrial Capitalism

An economic and social system in which trade, industry, and capital are privately controlled and operated for profit.

Fossil-fuel

Natural fuels such as coal, oil, and natural gas, derived from the remains of living organisms and used primarily for energy.

Industrial Order

A social and economic system characterized by the large-scale industrial production and management of goods and services, often associated with the rise of factories and mechanization.

Factory System

A method of manufacturing using machinery and division of labor, known for its role in the Industrial Revolution by significantly increasing production capabilities and changing societal structures.