Question

It is possible, through careful consideration of economic principles and interactions, to reach a state of equilibrium in practice.

Please select the best answer from the choices provided

T
F

Answer 1

False

Explanation:

Answer 2

Answer: False

Explanation:

Economic equilibrium simply refers to a scenario where the economic forces are equal and balanced. It is the condition whereby the demand and the supply of goods and services are equal.

We should note that economic equilibrium is only theoretical. In reality, this isn't true as the market doesn't reach equilibrium, Eben though it moves towards it.

Therefore, the statement in the question is false.