Question

A producer charges $500 for a cell phone, but buyers are not buying any cell phones at this price. So at this price, the producer is willing to supply _____ phones, and consumers are willing to buy _____ phones.

Answer 1

It should be Many, zero. The producer is willing to supply the phones but consumers are not willing to buy any at that price.

Answer 2

" many, zero ". This is because consumers are not ready to buy any phones while producer is ready to sell many.

hope this helps