Suppose the current price of a pound of steak is $12 per pound and the equilibrium price is $9 per pound. In this case, there is a
B、 surplus, so the price falls and quantity demanded increases.
C、 shortage, so the price rises and quantity demanded decreases.
D、 surplus, so the price rises and quantity demanded increases.
相关题目
Suppose the equilibrium price of oranges is $2.00 per pound.
A、 shortage exists and the price falls to restore equilibrium.
B、 shortage exists and the price rises to restore equilibrium.
C、 surplus exists and the price falls to restore equilibrium.
D、 surplus exists and the price rises to restore equilibrium.
The market for apples is in equilibrium at a price of $0.50 per pound.
A、. quantity demanded will decrease.
B、. quantity supplied will increase.
C、. there will be a shortage of the good.
D、. the price floor will not affect the market price or output.
Suppose that total expenditures for coffee reach a maximum at a price of $5 per pound.
A.unitelastic.
B.inelastic.
C.elastic.
D.perfectlyinelastic.正确答案：unitelastic.
You enter a coffee futures contract at a futures price of $1.60 per pound.
A、You should have consulted an investment bank
B、You made the right move since your goal was to avoid paying more than $1.60 per pound
C、Bad move! You gave up the opportunity to pay a lower price
D、You should have done nothing and left it to the market