When a market is in equilibrium a quantity demanded

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When a market is in equilibrium A) Quantity demanded equals quantity supplied B) Excess demand and excess supply are zero C) The market is cleared by the equilibrium price D) All of the above
________ and ________ do not directly affect the demand curve
A change in price can cause a shift of a demand curve
A demand curve can shift because of changing
A supply curve is directly affected by A) technology B) input costs C) government regulation D) all of the above
An increase in price will cause a supply curve to shift to the left
If a price increase of good A increases the quantity demanded of good B, then good B is a
B) complementary good C) bargain D) inferior good An increase in consumer income will increase demand for a _______ but decrease demand for a _________
Price ceilings are imposed increase price above the free market equilibrium price A) TRUE B) FALSE

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