Which of the Following Is NOT True About the Equilibrium

question 178

Multiple Choice

Which of the following is NOT true about the equilibrium price?

• A) the price where a change in quantity supplied occurs
• B) the price where the demand curve intersects the supply curve
• C) the price where quantity demanded equals quantity supplied
• D) the price where there is neither excess quantity demanded or excess quantity supplied

---

Definitions:

Sales Mix

The composition of a company’s product or service sales, showing the relative proportions of each product or service sold.

Net Income

The total revenue minus total expenses, indicating the profitability of a company over a specific period.

Contribution Margin Ratio

The ratio of Contribution Margin to Sales Revenue, measuring the percentage of each sales dollar available to cover fixed costs and profit.

Fixed Costs

Unvarying costs that do not fluctuate with changes in production or sales levels, such as office rent, staff wages, and insurance coverage.