Those things held unchanged when an equilibrium price is established:
A) are called demand and supply shifters if a change in one (or more) of them would change demand or supply.
B) include only supply shifters.
C) seldom change, and therefore prices and quantity in most markets are remarkably stable.
D) never change, by definition.

Question

Quizplus · Accepted Answer

Factors that, if changed, would affect demand or supply are indeed called demand and supply shifters. These include things like consumer preferences, income levels, prices of related goods, and production costs. When an equilibrium price is established, it is based on the current conditions of demand and supply. Shifts in these conditions would lead to a new equilibrium.

Those Things Held Unchanged When an Equilibrium Price Is Established