If a Market Is in Equilibrium, Then It Is Impossible

question 213

True/False

If a market is in equilibrium, then it is impossible for a social planner to raise economic welfare by increasing or decreasing the quantity of the good.

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Definitions:

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, such as heart rate, digestion, and respiratory rate.

Hypothalamus

A region of the brain responsible for hormone production and regulation of essential bodily functions such as temperature, thirst, and hunger.

Thalamus

A small structure within the brain that serves as a relay station for information between the cerebral cortex and the spinal cord or peripheral nerves.