-On the graph above, at the point where quantity demanded equals quantity supplied (let's call it point A), the economy has reached its ________.
A) general equilibrium, and barring any shocks, it will not move from A
B) long-run equilibrium, and barring any shocks, it will not move from A
C) short-run equilibrium, and even without any shocks, it may move away from A
D) short-run equilibrium, and barring any shocks, it will not move from A
E) none of the above

Question

-On the graph above, at the point where quantity demanded equals quantity supplied (let's call it point A), the economy has reached its ________.
A) general equilibrium, and barring any shocks, it will not move from A 
B) long-run equilibrium, and barring any shocks, it will not move from A 
C) short-run equilibrium, and even without any shocks, it may move away from A 
D) short-run equilibrium, and barring any shocks, it will not move from A 
E) none of the above

Quizplus · Accepted Answer

The Answer of 
-On the graph above, at the point where quantity demanded equals quantity supplied (let's call it point A), the economy has reached its ________.
A) general equilibrium, and barring any shocks, it will not move from A 
B) long-run equilibrium, and barring any shocks, it will not move from A 
C) short-run equilibrium, and even without any shocks, it may move away from A 
D) short-run equilibrium, and barring any shocks, it will not move from A 
E) none of the above

-On the Graph Above, at the Point Where Quantity Demanded