If,in a particular market,all unexploited opportunities have been realized,one can conclude that
A) government regulation has proven successful.
B) the market is in equilibrium.
C) demanders are unable to find adequate amounts of the good.
D) excess demand is present.
E) excess supply is present.

Question

Quizplus · Accepted Answer

If all unexploited opportunities have been realized, it means that all available resources and opportunities in the market have been utilized to their full potential. This leads to a state of equilibrium where demand equals supply, and there are no unexploited opportunities left in the market. Therefore, option B is the correct answer. Option A is incorrect because it assumes that government regulation was the sole reason for the realization of all opportunities in the market, which may not necessarily be the case. Similarly, options C, D, and E are also incorrect because they assume that there is either excess demand or supply in the market, which contradicts the premise that all unexploited opportunities have been realized.

If,in a Particular Market,all Unexploited Opportunities Have Been Realized,one Can