When analysing how some event affects a market, we check whether the price is the same as the quantity demanded.

Question

Quizplus · Accepted Answer

When analysing how some event affects a market, we do not just check whether the price is the same as the quantity demanded. We need to consider various factors such as the price elasticity of demand, changes in consumer preferences, production costs, competition, government regulations, and other external factors that could affect the equilibrium price and quantity in the market.

When Analysing How Some Event Affects a Market, We Check