if, at a good's current price, the quantity demanded is 2,000 units and the quantity supplied is 1,000 units then: group of answer choices a) the current price is below the equilibrium price. b) producers are not responsive to price changes. c) the current price is above the equilibrium price. d) consumers of this particular item do not buy less of it when its price increases.

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04-11-2022
Business

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if, at a good's current price, the quantity demanded is 2,000 units and the quantity supplied is 1,000 units then: group of answer choices a) the current price is below the equilibrium price. b) producers are not responsive to price changes. c) the current price is above the equilibrium price. d) consumers of this particular item do not buy less of it when its price increases.

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rafikiedu05 rafikiedu05 · Answer 1 · 2022-11-08T03:18:19-05:00

If at a good's current price, the quantity demanded is 2,000 units and the quantity supplied is 1,000 units then the current price is below the equilibrium price.

In economics, goods are gadgets that fulfill human needs and provide software programs, for instance, to a purchaser developing a purchase of a satisfying product. A not unusual distinction is made between goods that might be transferable, and offerings, which aren't transferable.

A superb is a "monetary desirable" if it is useful to human beings but scarce with reference to its call for so that human effort is wanted to gather it. In assessment, loose goods, consisting of air, are absolutely in vast supply and want no aware effort to obtain them. private goods are subjects owned by people, which include televisions, dwelling room fixtures, wallets, cell telephones, and nearly something owned or used on an everyday basis that is not food-associated.

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