Which of the following is not an element of the supply and demand model?
A)Price
B)Inputs
C)Market
D)Equilibrium
E)Quantity

Name: Which of the following is not an element of the supply and demand model? A)Price B)Inputs C)Market D)Equilibrium E)Quantity
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Question

Quizplus · Accepted Answer

Inputs are a factor in the production process and do not directly relate to the supply and demand model. The other options (Price, Market, Equilibrium, and Quantity) are all key elements of the model.

Which of the Following Is Not an Element of the Supply