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Snowcat [4.5K]
3 years ago
11

A producer charges $500 for a cell phone, but buyers are not buying any cell phones at this price. So at this price, the produce

r is willing to supply _____ phones, and consumers are willing to buy _____ phones.
zero, many
zero, zero
many, zero
Mathematics
2 answers:
Juli2301 [7.4K]3 years ago
7 0
It should be Many, zero. The producer is willing to supply the phones but consumers are not willing to buy any at that price.
Charra [1.4K]3 years ago
3 0

Answer:

Thus, The completed statement is : At this price, the producer is willing to supply <u>more</u> phones, and consumers are willing to buy <u>zero</u> phones.

Step-by-step explanation:

Amount which has been charged by the producer for a cell phone = $500

But give that : buyers are not buying any cell phones at this price

So, it depicts that the consumers are willing to buy zero cell phones.

Also, every producer wants to increase his sale. So, in this case also, The producer is willing to supply many cell phones.

Hence, we can complete the given statement by using the above facts.

Thus, The completed statement is : At this price, the producer is willing to supply <u>more</u> phones, and consumers are willing to buy <u>zero</u> phones.

Thus the correct option is : many , zero

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Answer:

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The tree diagram of this event is also attached.

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