Which of the following suggests that the "laws" of supply and demand are being disobeyed?
A)outside forces disturbing an equilibrium
B)persistent shortages or surpluses
C)the market never moving from an equilibrium
D)"other things" not always being equal

Question

Which of the following suggests that the "laws" of supply and demand are being disobeyed?
A)outside forces disturbing an equilibrium 
B)persistent shortages or surpluses 
C)the market never moving from an equilibrium 
D)"other things" not always being equal

Quizplus · Accepted Answer

Persistent shortages or surpluses suggest that something is preventing the market from reaching equilibrium, which could be due to factors like price controls or government intervention in the market. This would indicate a violation of the laws of supply and demand. The other options refer more to external factors that can affect the market, but do not necessarily indicate a disobedience of the laws of supply and demand.

Which of the Following Suggests That the "Laws" of Supply