Author Question: At the equilibrium price a. only sellers who value the product more than the equilibrium price ... (Read 97 times)

Redwolflake15 · **on:** Jul 1, 2018

At the equilibrium price
a. only sellers who value the product more than the equilibrium price would be willing to sell
b. only buyers who value the product less than the equilibrium price would be willing to buy
c. only buyers who value the product more than the equilibrium price would be willing to buy
d. None of the parties would be willing to trade

Question 2

You are considering buying a store. In order to better access your return on the investment, you must ask the storeowner for the figures on days when
a. Sales are high, costs are low
b. Sales are low, costs are high
c. Both sales and costs are high
d. All of the above