Solved

Suppose That the Market for Sugar Is in Equilibrium at $10

Question 14

Multiple Choice

Suppose that the market for sugar is in equilibrium at $10 per kilogram.This means that


A) all remaining producers will require more than $10 to produce sugar.
B) too many trades have occurred.
C) all remaining consumers value sugar at more than $10.
D) the benefit of the last kilogram of sugar exceeds $10.
E) the cost of the last kilogram of sugar is less than $10.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents