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Suppose That Is the Price Per Unit (In Dollars)

Question 115

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. If and , what do you predict about the future selling price of widgets (currently at $10) ? A) It will rise. B) It will fall. 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. If and , what do you predict about the future selling price of widgets (currently at $10) ? A) It will rise. B) It will fall. is the price per unit at which consumers will buy q thousand units. If 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. If and , what do you predict about the future selling price of widgets (currently at $10) ? A) It will rise. B) It will fall. and 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. If and , what do you predict about the future selling price of widgets (currently at $10) ? A) It will rise. B) It will fall. , what do you predict about the future selling price of widgets (currently at $10) ?


A) It will rise.
B) It will fall.

Correct Answer:

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