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Suppose cell phone producers are charging $150 for the latest cell phone. But the equilibrium price for the cell phone is $100. In a market without price controls, market pressures will move the price
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Suppose cell phone producers are charging $150 for the latest cell phone. But the equilibrium price for the cell phone is $100. In a market without price controls, market pressures will move the price _____ the demand curve until it reaches the _____ price. up, surplus down, equilibrium down, shortage

User Samii
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Down and equilbrium are your two answers.
User Mourad Idrissi
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4 votes

Answer:

Yours answers are Down and equilbrium.

Step-by-step explanation:

User Leopardxpreload
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