Tessa Dominguez

Business

2 April, 17:25

Which of the following is the correct way to describe equilibrium in a market?

a. At equilibrium, the "fairest" price for output is achieved.

b. At equilibrium, demand equals supply.

c. At equilibrium, quantity demanded equals quantity supplied.

d. At equilibrium, market forces no longer apply.

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Which of the following is the correct way to describe equilibrium in a market? a. At equilibrium, the "fairest" price for output is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

The following information for the past year for the Blaine Corporation has been provided: Fixed costs: Manufacturing $115,000 Marketing 21,000 Administrative 16,000 Variable costs: Manufacturing $114,000 Marketing 23,000 Administrative 34,000 During

If the reserve ratio is 15 percent, the money multiplier is

Baylor service corp. redeemed $1,000 of gift cards that customers used to pay for services that were performed by the company. the related adjusting entry would include a debit to:

Identify three types of business or professional organizations?

Which of the following terms is correct? a. Economic profit takes into account all costs involved in producing a product. b. Economic profit always exceeds accounting profit. c.

New Questions in Business

Choose all that apply. Select sources of income. A) interest deposited into your savings account B) wages from your job C) commission for a sale D) a rent check from someone renting a property you own

A company has two departments and allocates all overhead costs based on department revenues. The following information applies: Department 1 revenue $1,000,000 Department 2 revenue 1,500,000 Corporate overhead costs 250,000 Department overhead costs

The most useful allocation basis for the departmental costs of an advertising campaign for a storewide sale is likely to be: Multiple Choice An equal amount of cost for each department. Number of customers to enter each department.

What happens when a bond becomes due? A The issuer will pay you back, minus interest. B The issuer will pay you back, plus interest. C You pay it back to the issuer, plus interest. D You pay it back to the issuer, minus interest.

The emphasis of a marketing strategy for a continuous innovation concentrates on