Table 14.2 -Refer to Table 14.2,which Shows the Market for Used Fishing

Multiple Choice

Table 14.2
-Refer to Table 14.2,which shows the market for used fishing boats.Which of the following is true about this market?

A) The market is in equilibrium.
B) We can expect the price of used boats to fall.
C) We can expect the price of used boats to rise.
D) Buyers' willingness to pay for a used boat will fall.