The following are common errors students make when discussing supply and demand. What is the mistake in each?
a. At equilibrium, demand equals supply.
b. The quantity of demand is greater than the quantity of supply.
c. They move along the line from both ends to an equilibrium in the middle.
d. The increase in demand causes an increase in supply.

Question

The following are common errors students make when discussing supply and demand. What is the mistake in each? 
a. At equilibrium, demand equals supply. 
b. The quantity of demand is greater than the quantity of supply. 
c. They move along the line from both ends to an equilibrium in the middle. 
d. The increase in demand causes an increase in supply.

Quizplus · Accepted Answer

The Answer of The following are common errors students make when discussing supply and demand. What is the mistake in each? 
a. At equilibrium, demand equals supply. 
b. The quantity of demand is greater than the quantity of supply. 
c. They move along the line from both ends to an equilibrium in the middle. 
d. The increase in demand causes an increase in supply.

The Following Are Common Errors Students Make When Discussing Supply