The equilibrium price in a market is established subject to the all other things unchanged condition and, therefore, very well may change due to:
A) a change in the price of the good.
B) a change in the quantity of the good.
C) a change in the price of resource inputs used to produce the good.
D) any of the above.

Question

Quizplus · Accepted Answer

A change in the price of resource inputs used to produce the good can affect the supply curve, leading to a change in the equilibrium price.

The Equilibrium Price in a Market Is Established Subject to the All