Suppose That Is the Price Per Unit (In Dollars)

question 115

Multiple Choice

Suppose that is the price per unit (in dollars) of widgets which will induce producers to supply q thousand widgets to the market, and suppose that is the price per unit at which consumers will buy q thousand units. If and , what do you predict about the future selling price of widgets (currently at $10) ?

• A)It will rise.
• B)It will fall.

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