Question

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

Answer 1

Down and equilbrium are your two answers.

Answer 2

Yours answers are Down and equilbrium.

Step-by-step explanation: