Author Question: In a market where the equilibrium price is 7, any price higher than 7 would cause a. a balanced ... (Read 33 times)

Collmarie · **on:** Jul 1, 2018

In a market where the equilibrium price is 7, any price higher than 7 would cause
a. a balanced demand and supply
b. an excess supply
c. an excess demand
d. none of the above

Question 2

You are considering buying a store. The store owner shows you sales figures of the store on a typical day. The owner has most likely shown you figures for
a. The less productive day
b. The more productive day
c. Any typical day
d. All the days that the store was owned by him