An equilibrium is determined by all of the following except:
A)government directives to produce particular goods.
B)relationships among endogenous variables.
C)equality between the quantities demanded and supplied.
D)intersection of a demand curve and a supply curve.

Question

Quizplus · Accepted Answer

Government directives are external factors that can affect the market but are not part of the market's internal dynamics. Equilibrium is determined by factors within the market, such as the relationships among endogenous variables and the intersection of supply and demand curves.

An Equilibrium Is Determined by All of the Following Except