Author Question: Refer to the table above. If, at a price of 4 per loaf, the market supply of bread is 75 loaves, ... (Read 80 times)

MirandaLo · **on:** Jun 30, 2018

Refer to the table above. If, at a price of 4 per loaf, the market supply of bread is 75 loaves, Seller 2's supply is:

A) 30 units. B) 35 units. C) 55 units. D) 20 units.

Question 2

When the market for a commodity is in equilibrium:

A) there will still be some unsold stock of the commodity.
B) all sellers of the commodity will want to change their behavior.
C) no economic agent will want to change his or her behavior.
D) all buyers of the commodity will want to change their behavior.