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

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

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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 pressu…

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