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

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Definitions:

Downstream Division

A sector of a company or industry that focuses on the final stages of production and distribution to end-users, often involving refining, selling, and distribution processes.

Transfer Price

The price at which goods and services are sold between departments or subsidiaries within the same company.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including expenses like lease payments, employee wages, and insurance fees.

Market Price

The current price at which an asset or service can be bought or sold.