If Equilibrium Exists

question 114

Multiple Choice

If equilibrium exists:

• A)all individuals must have an equal amount of income.
• B)the price in that market will not fluctuate by more than 5%.
• C)there will be no remaining opportunities for individuals to make themselves better off.
• D)the number of buyers will equal the number of sellers.

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Definitions:

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An opening in the Earth's surface through which molten rock, ash, and gases are ejected or flow out.