Economics · Basic Concepts
Which of the following statements is correct about equilibrium?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Equilibrium is the situation where there is a tendency for change.
- 2Equilibrium is the situation where there is no tendency for any change.✓
- 3Equilibrium is the situation where there is more tendency for change.
- 4Equilibrium is the situation where there is less tendency for change.
Correct answer
Equilibrium is the situation where there is no tendency for any change.
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