Why Do Markets Move Toward Equilibrium of Supply and Demand

question 99

Multiple Choice

Why do markets move toward equilibrium of supply and demand?

• A) because of the actions of buyers and sellers
• B) because of government regulations placed on market participants
• C) because of increased competition among sellers
• D) because of buyers' ability to affect market decisions

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Definitions:

Cumulative Relative Frequency

A measure used in statistics to represent the sum of relative frequencies up to a certain class or level.

Electronics Company

A business entity that specializes in the manufacture, design, marketing, or sale of electronic goods and devices.

Employees

Individuals who are hired by employers to perform specific jobs in exchange for compensation, forming the workforce of a business or organization.

Car Dealer

A business that specializes in selling new or used cars at the retail level, typically based on a dealership contract with an automaker or sales subsidiary.