A new CD is being marketed to teens at a price of $20. The suppliers are selling all of the CDs they have, and the teens are get

Question

3 years ago

15

ting all of the CDs they are demanding, so $20 could be defined as the CD's. a. average price b. equilibrium price c. maximum price d. minimum price

2 answers:

DENIUS [597] · Answer 1 · 2022-02-09T15:46:00+03:00

6 0

Out of the choices given, $20 can be defined as the CD's equilibrium price. The correct answer is B, equilibrium price.

Brums [2.3K] · Answer 2 · 2022-02-09T17:52:39+03:00

4 0

I believe the answer is B. equilibrium price