question archive If, at a good's current price, the quantity demanded is 5,000 units and the quantity supplied is 10,000 units then: a) The current price is below the equilibrium price, b) Producers are not responsive to price changes, c) The current price is above the equilibrium price, d) Consumers of this particular item do not buy less of it when its price increases
If, at a good's current price, the quantity demanded is 5,000 units and the quantity supplied is 10,000 units then: a) The current price is below the equilibrium price, b) Producers are not responsive to price changes, c) The current price is above the equilibrium price, d) Consumers of this particular item do not buy less of it when its price increases
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If, at a good's current price, the quantity demanded is 5,000 units and the quantity supplied is 10,000 units then:
a) The current price is below the equilibrium price,
b) Producers are not responsive to price changes,
c) The current price is above the equilibrium price,
d) Consumers of this particular item do not buy less of it when its price increases.
Option 1
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Option 2
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