Multiple Choice
Assume that Joe is willing to produce another hamburger that costs $1 to make.Mary is hungry and is willing to buy a hamburger for $3.According to the equilibrium principle,Joe and Mary
A) will make a trade.
B) will only make a trade if Joe can get Mary to spend more than $3 for the hamburger.
C) will only make a trade if Mary can get Joe to charge less than $1 for the hamburger.
D) may or may not make a trade.
E) will never trade;they will look for better deals.
Correct Answer:

Verified
Correct Answer:
Verified
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