When there is an equilibrium price for a certain soccer ball—as determined by the intersection of...
When there is an equilibrium price for a certain soccer ball—as determined by the intersection of the demand and supply curves for that soccer ball—everyone who __________. Group of answer choices
a. is willing to pay that price or more will get a soccer ball, and everyone who is willing to provide a soccer ball for that price or less will be able to sell it
b. wants to sell a higher quality but slightly more expensive soccer ball will be able to sell it
c. wants to buy a soccer ball will be able to get it
d. wants to sell a soccer ball will be able to sell it
Homework Answers
When there is an equilibrium price for a certain soccer ball—as determined by the intersection of the demand and supply curves for that soccer ball—everyone who is willing to pay that price or more will get a soccer ball, and everyone who is willing to provide a soccer ball for that price or less will be able to sell it. At the equilibrium price all buyers who are ready to pay the equilibrium price or more than the equilibrium price will buy it, similarly all sellers who are ready to sell at equilibrium price or lower will sell in the market at this price.
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