Jon PFarmer Is the Founder of Kolopua Hawaii LLC,a Company That

Multiple Choice

Jon P.Farmer is the founder of Kolopua Hawaii LLC,a company that markets Pure Hawaiian Air.Bottles of Pure Hawaiian Air contain air that smells like the floral bouquet that greets tourists as they get off the plane in Hawaii.When a tourist shop began selling Pure Hawaiian Air,it charged $5 per bottle and could not keep up with the demand.It has since raised the price to $7.Now the shop is still selling all the bottles of Pure Hawaiian Air it carries,but the owner is not forced to reorder on a daily basis.What is the $7 price likely to be?

A) a supply schedule
B) a symmetrical price
C) a price equilibrium
D) an inventory equalizer