QUESTION 1 Market equilibrium occurs when other things remain the same. buyers g

Question

QUESTION 1 Market equilibrium occurs when other things remain the same. buyers get the lowest possible price. the market is changing rapidly. O the quantity demanded equals the quantity supplied. QUESTION 2 If there is a surplus of tacos, then the quantity of tacos demanded is less than the quantity of tacos supplied. quantity of tacos demanded equals the quantity of tacos supplied. O quantity of tacos demanded is greater than the quantity of tacos supplied. market is at equilibrium. QUESTION 3 When there is a shortage of parking spaces at your college, the quantity of parking spaces demanded is greater than the quantity of parking spaces supplied. quantity of parking spaces supplied is greater than the quantity of parking spaces demanded supply of parking spaces is greater than the demand. demand for parking spaces is greater than the supply QUESTION 4 Price Quantity Quaitity dollars per demanded supplied celiniar phone) (thousaidsi ithousands so s0 MacBook Air

Explanation / Answer

1. The correct answer is D.

2. The correct answer is A.

3. The correct answer is A.

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