If the market price is below equilibrium price, quantity demanded:
A. is less than quantity supplied.
B. is equal to quantity supplied.
C. is greater than quantity supplied.
D. remains the same.
At equilibrium, quantity demanded __________ equals quantity supplied.
When the market price is above equilibrium price, the market price will be driven:
A. up by buyers.
B. up by sellers.
C. down by buyers
D. down by sellers.
Changes in demand are caused by each of the following EXCEPT changes in:
B. the prices of related goods and services.
C. tastes and preferences.
- 8 years ago
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