Which of the Following Will Hold True If the Market

question 51

Multiple Choice

Which of the following will hold true if the market for cameras is in equilibrium at a price of $40?

• A) Sellers of cameras will have an incentive to charge a price higher than $40.
• B) The quantity of cameras produced will equal the quantity of cameras bought in the market.
• C) Buyers of cameras will want to buy fewer cameras than they are purchasing at equilibrium.
• D) If the cost of producing cameras falls below $40 per camera, all sellers will stop supplying cameras.