Which of the Following Occurs When a Market Is in Equilibrium

question 66

Multiple Choice

Which of the following occurs when a market is in equilibrium?

• A)quantity supplied is equal to quantity demanded
• B)supply is equal to demand.
• C)the price of the good will tend to rise, all else held constant.
• D)the price of the good will tend to fall, all else held constant.

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Definitions:

Nonskeletal Adaptations

Changes in organisms that involve functional or physiological modifications rather than changes to the skeletal structure.

Land Dwellers

Organisms that live primarily or exclusively on land as opposed to aquatic or aerial environments.

Ancestors Of Amphibians

Early vertebrates from which modern amphibians are descended, likely evolving in the Devonian period.

Lobe-Finned Fish

Jawed fish with fins supported by internal bones; for example, a coelacanth or lungfish.