Author Question: Refer to the scenario above. The demand for Sporty's soccer balls is 2,500 units if ________. A) ... (Read 156 times)

xroflmao · **on:** Jun 29, 2018

Refer to the scenario above. The demand for Sporty's soccer balls is 2,500 units if ________.

A) the price charged by Sporty is higher than the price charged by Go
B) the price charged by Go is higher than the price charged by Sporty
C) the price charged by Sporty is equal to the price charged by Go
D) the price charged by Go is higher than the unit cost of producing a ball

Question 2

The textbook defines a well-organized market as a market in which

A) all information available to sellers and buyers is also available to other parties to exchange transactions.
B) bids and offers of buyers and sellers are brought together to establish a single price over a wide area.
C) the government regulates maximum and minimum prices.
D) the terms of exchange between buyers and sellers are controlled by a professional marketing association.