If the market for Twinkies is in equilibrium,then
A) Twinkies must be a normal good.
B) producers would like to sell more at the current price.
C) consumers would like to buy more at the current price.
D) the quantity supplied equals the quantity demanded.
E) the supply of Twinkies will never increase and the demand for Twinkies will never decrease.
Correct Answer:
Verified
Q91: Table 3.4.2 Q101: If A is an inferior good and Q101: If demand increases and supply decreases,then the Q103: Use the figure below to answer the Q112: Suppose we observe a rise in the Q112: Use the figure below to answer the Q114: The price of a good will fall Q115: Suppose we observe a rise in the Q118: If A and B are substitutes in Q119: Suppose we observe a fall in the
A)equilibrium
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents