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Title: Suppose the quantity of oranges demanded is less than the quantity supplied. Then
Post by: Sublight2097 on Jun 20, 2015
Suppose the quantity of oranges demanded is less than the quantity supplied. Then
A) the market still clears, because consumers can buy all the oranges they wish at the prevailing market price.
B) the market still clears, because producers can sell all the oranges they wish at the prevailing market price.
C) the market clears, but is not fully coordinated.
D) oranges are no longer scarce goods.
E) none of the above is true.


Title: Re: Suppose the quantity of oranges demanded is less than the quantity supplied. Then
Post by: Dropx on Aug 17, 2015
Content hidden


Title: Re: Suppose the quantity of oranges demanded is less than the quantity supplied. Then
Post by: Sublight2097 on Aug 31, 2015
Another one in the books, marking it solved.


Title: Re: Suppose the quantity of oranges demanded is less than the quantity supplied. Then
Post by: Dropx on Aug 31, 2015
Thanks for the feedback :)