Determining Market Price Answers

10 verified answers1 views
11726

AB✔ C

A
A
B
B
C
✔ C
11762

equilibrium✔ disequilibrium

A
equilibrium
B
✔ disequilibrium
11764

lower prices✔ higher prices

A
lower prices
B
✔ higher prices
11795

rise✔ fallstay the same

A
rise
B
✔ fall
C
stay the same
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What did you include in your response? Check all that apply.

A
John’s prices per slice are too high.
B
John is experiencing excess supply.
C
John should lower his price to reach equilibrium.
D
Demand is lower than supply at that price.

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