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Olegator [25]
4 years ago
15

Suppose that producers are charging a price that is higher than the equilibrium price. Will this create a surplus or shortage of

goods? In two or three sentences, explain your answer.
Advanced Placement (AP)
2 answers:
vaieri [72.5K]4 years ago
7 0
In theory, it should create a surplus. People don't normally pay more for an item than it is worth, however there are always exceptions.
Andreyy894 years ago
6 0
This will create a surplus of the product. Because with the price being higher there won't be as many purchases as there would be if there was a cheaper alternative.
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Answer:

A.

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This phenomenon best illustrates why intelligence tests need to be revised for predictive validity. The tests are taken initially and show high scores, then they are taken again and show even higher scores. This shows that the individuals are getting smarter. If the test continues to be taken without revision then the same results will continue since the individuals will continue to become smarter but the test will continue being the same. Therefore, becoming much easier for the participants every time. This ultimately leads to better and better scores.

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3 years ago
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<u>Answer:</u>

<em>We have to determine the pattern of numbers followed in the sequence 2, 7, 8, 3, 12, 9.</em>

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