A. Market equilibrium requires that other influences other than price be held co

A. Market equilibrium requires that other influences other than price be held constant. Whymight the existence of social and political forces violate this condition and make equilibrium difficult to achieve? B.Do you thinkconsumers make purchasing decisions based on general rules of thumb such as you get what you pay for and follow the leaderinstead of price? Why orwhy not? C. What implications do you thinkpurchases made by rules of thumbhave on how markets work? (Consider how following rules of thumb might affect demand and thus prices.)Copied & Paraphrased from Colander Microeconomics (2010) NOTE:Response must be no more than 5-7 complete non-compound sentences for each part in three paragraphs one paragraph for each part. Subsequent responses must be no more than 10 complete non-compound sentences. Responses must be in your own words with proper citations for all sources used (including the textbook).