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Suppose That Is the Price Per Unit (In Dollars)

Question 65

Multiple Choice

Suppose that Suppose that is the price per unit (in dollars) of widgets which will induce producers to supply q thousand widgets to the market, and suppose that is the price per unit at which consumers will buy q thousand units. Which is larger, S(150) or S(100) ? A) S(100) B) S(150) is the price per unit (in dollars) of widgets which will induce producers to supply q thousand widgets to the market, and suppose that Suppose that is the price per unit (in dollars) of widgets which will induce producers to supply q thousand widgets to the market, and suppose that is the price per unit at which consumers will buy q thousand units. Which is larger, S(150) or S(100) ? A) S(100) B) S(150) is the price per unit at which consumers will buy q thousand units. Which is larger, S(150) or S(100) ?


A) S(100)
B) S(150)

Correct Answer:

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