Which is not true of market equilibrium?
A
All sellers who want to sell at the equilibrium price can find a buyer to sell to.
B
It is the most desirable outcome that a social order could have.
C
All buyers who want to buy at the equilibrium price can find a seller to buy from.
D
Circumstances can change from day to day which make any equilibrium very tentative.
Answer is option B)
At market eqm,
Q Demanded = Q supplied
So A) & C) are true
Sellers find buyers to sell & buyers find sellers to buy from
Market eqm is not the socially desirable outcome when externalities exist in market .
Which is not true of market equilibrium? A All sellers who want to sell at the...