At the equilibrium price and quantity, there is neither a surplus nor a shortage of the product. How does price affect a seller's decision to produce a product? If the price consumers are willing to pay for a product is high, producers will produce more of that product.
HOPE THIS HELPED!! XD
The answer is a, he miscalculated, since the Americas hadn't been discovered by europeans (the native americans were there first) they did not account for america in their calculations
