Which of the Following Is NOT True About the Equilibrium

question 315

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:

Arrested

The act of detaining a person, typically by legal authority, on suspicion of them having committed a criminal offense.

Crime

An act or omission in violation of a law prohibiting it and for which a punishment is imposed upon conviction.

Statutory Rape

is a criminal offense involving sexual activity with a person who is below the legal age of consent, as defined by statute.

Internet Enticement

The act of using the internet to lure or seduce someone into an illegal act, often pertaining to sexual offenses against minors.