Suppose the market for coffee is in equilibrium at a price of $5 per pound.This means:
A)all producers who want to sell coffee earn a profit.
B)all potential producers not producing coffee require less than $5 to produce coffee.
C)all consumers who want to buy coffee are satisfied.
D)all potential consumers not buying coffee value a pound of coffee at less than $5.

Question

Quizplus · Accepted Answer

In equilibrium consumers who value the product at less than the price do not obtain the product.

Suppose the Market for Coffee Is in Equilibrium at a Price