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:

Crowd

A temporary gathering of people in a public place; members might interact but do not identify with each other and will not remain in contact.

Aggregate

A collection or sum of many individual elements, items, or variables often used in the context of data analysis or statistics.

Category

A class or division of people or things regarded as having particular shared characteristics or attributes.

Authority

The right or power to enforce rules, judgments, or command influence over others.