Suppose there is an excess demand for cell phones. In a market without price controls, market pressures will cause the price of cell phones to _____ until it reaches the equilibrium price.

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asked Apr 28, 2018 125k views

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Suppose there is an excess demand for cell phones. In a market without price controls, market pressures will cause the price of cell phones to _____ until it reaches the equilibrium price.

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Ed Marty asked

by Ed Marty

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Increase.

Hope this is right and helps you :)

StatBeginner answered May 4, 2018

by StatBeginner

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