Which of the following is the correct way to describe equilibrium in a market?
a. At equilibrium, demand equals supply
b. At equilibrium, quantity demanded equals quantity supplied.
c. At equilibrium, market forces no longer apply.
d. At equilibrium, the "fairest" price for output is achieved.
b
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Can the same principles that have been used in the study of advanced economies be used to study less developed economies as well? Explain your answer
What will be an ideal response?
Increasing the amount of annual per pupil expenditures has helped in increasing student performance. What could make that improvement better?
What will be an ideal response?
Friedman argued that the Fed could use monetary policy to peg
a. nominal exchange rates. b. the level of real GDP. c. the rate of unemployment. d. None of the above is correct.
The net benefits a nation receives from free trade are called the costs of trade.
a. true b. false