In the Long Run,the Market Price Tends to Adjust Toward

question 24

True/False

In the long run,the market price tends to adjust toward the equilibrium point.
Level of Learning 1: Knowledge of key terms

---

Definitions:

Training Program

A structured sequence of education and activities designed to enhance the skills, knowledge, and competencies of individuals for a specific role or job.

Goal Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives.

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.

Desired Outcomes

The specific results or goals that an individual or organization aims to achieve through its actions or interventions.