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If the price for widgets was set at $4

A) buyers would purchase all of the available widgets.
B) producers would discover that the price was too low.
C) buyers would purchase more widgets than are available.
D) producers would discover that the price should be lowered.

If the price for widgets was set at $4 A) buyers would purchase all of the available-example-1
User ThangTD
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2 Answers

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If the price for widgets was set at $4 D) producers would discover that the price should be lowered.

The price would be discovered as wanting to be set at a lower rate due to the price where the number sold and the price point they would purchase the most at is at $2.50. If the price was set at $2.50 demand and supply would be at an equal therefor the product would be moving and demanded at the same rate.

User Testuser
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2 votes

The correct answer was

D) producers would discover that the price should be lowered.

User Vmatyi
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