Question

If, at a good's current price, the quantity demanded is 2,000 units and the quantity

supplied is 1,000 units then:
A) the current price is below the equilibrium price.
B) producers are not responsive to price changes.
C) the current price is above the equilibrium price.

Answer 1

C.

Step-by-step explanation:

Because there is more demand with this good, the current price projects how the sellers are reacting to the market. If there is a shortage of goods being supplied to a market then this means that the sellers price is too high because more people (who arent willing to pay for it for so much) are wanting the product.