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.

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Definitions:

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A U.S. state located in the Pacific Ocean, approximately 2,000 miles from the U.S. mainland, known for its diverse natural scenery, warm tropical climate, and unique culture.

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