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Changes in demand are caused by each of the following EXCEPT changes in: 1. income. 2. the prices of related goods and services. 3. tastes and preferences. 4. supply.
4. supply. Source:
Expert answered|eturker|Points 1070|
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Asked 1/19/2012 12:46:22 PM
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If the market price is below equilibrium price, quantity demanded: 1. is less than quantity supplied. 2. is equal to quantity supplied. 3. is greater than quantity supplied. 4. remains the same.
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At equilibrium, quantity demanded __________ equals quantity supplied. 1. always 2. usually 3. sometimes 4. never
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