Question 1If the market price is below equilibrium price quantity demanded:A. is

Question 1If the market price is below equilibrium price quantity demanded:A. is less than quantity supplied.B. is equal to quantity supplied.C. is greater than quantity supplied.D. remains the same.Question 2At equilibrium quantity demanded __________ equals quantity supplied.A. alwaysB. usuallyC. sometimesD. neverQuestion 3When the market price is above equilibrium price the market price will be driven:A. up by buyers.B. up by sellers.C. down by buyersD. down by sellers.Question 4Changes in demand are caused by each of the following EXCEPT changes in:A. income.B. the prices of related goods and services.C. tastes and preferences.D. supply.