While Alison was showing her new grandson to friends, the baby needed a diaper change, and she had brought none with her.
She normally uses eco-friendly Seventh Generation brand diapers but settled for a Pampers brand diaper because that was the
only brand stocked at the local grocery store For Alison, which type of product is the recent diaper purchase?

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)

Acoase solution to a problem of externality ensures that a socially efficient outcome is to