17/20 Question5 CONTENT FEEDBACK Which of the following would shift the demand c

Question

17/20 Question5 CONTENT FEEDBACK Which of the following would shift the demand curve? Select the correct answer below: O Changing tastes or preferences of consumers O Income levels. O Expectations about the future price. O all of the above Content attribution CONTENT FEEDBACK Question 6 Market equilibrium is defined as the point where Select all that apply: (Select all that apply) supply and demand cross quantity supplied is greater than quantity demanded where consumers want to purchase more from producers than is available quantity supplied equals quantity demanded O

Explanation / Answer

Yes all the marked answers are correct.

Factors affecting demand curve are price of the good, price of the related good, income of the consumer, expectations about the future price, and tastes and preferences of consumers.
Market equilibrium is determined at the point where quantity demanded and supplied are equal or we can say where demand curve and supply curve intersect each other.

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