Social Studies, 04.09.2020 17:01 eddou55
Suppose the price charged by jeans producers for the latest designer jeans is $75. But the equilibrium price for the jeans is 125. In a market without price controls, the price of jeans will
A. Increase to equal the equilibrium price
B. Stay the same
C. Decrease to equal the equilibrium price
Answers: 2
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