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Which is not a determinant of demand

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Reference no: EM132823830

Problem 1: Which of the following is not a determinant of demand?

Multiple Choice

Option 1: income
Option 2: available technology
Option 3: the price of other goods
Option 4: expectations of income

Problem 2: A market shortage occurs when

Multiple Choice

Option 1: the quantity demanded is less than the quantity supplied at a given price.
Option 2: the market price is below equilibrium.
Option 3: sellers produce a lot of the product and consumers like it a lot.
Option 4: a new product is introduced at the equilibrium price.

Reference no: EM132823830

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