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anastassius [24]
3 years ago
15

Assume the equilibrium price for a good is $10. If the market price is $5, a:_____________

Business
1 answer:
stellarik [79]3 years ago
6 0

Answer:

c. Shortage will cause the price to rise toward $10

Explanation:

c. Shortage will cause the price to rise toward $10

The equilibrium price is $10 this any price below the equilibrium price will create a shortage in the market because at price lower than equilibrium price, the demand is greater than the supply. Thus, shortage will push the prices upwards or towards equilibrium price.

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Macroeconomics focuses on the behavior of? individual consumers. a specific market. the overall economy. government agencies.
kobusy [5.1K]

The given statement is false.

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1 year ago
Which of these sentences is correctly written and punctuated? Keeping his active mind challenging Roosevelt improved his stamp c
Vladimir79 [104]
The seconds one is the correct answer
8 0
3 years ago
Hutter corporation declared a $0.50 per share cash dividend on its common shares. the company has 25,000 shares authorized, 12,0
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Answer:

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