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minaebied minaebied
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A month ago
Which of the following could explain why there was a stampede at the Richmond International Raceway where 1,000 laptops were being sold at $50 each?

▸ The demand for laptops is not very responsive to price.

▸ The quantity of laptops demanded at $50 was higher than the quantity supplied.

▸ The people who bought the laptops at that price were those who valued laptops the most.

▸ The price of $50 per laptop was above the equilibrium price of laptops.
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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chanelfargesenchanelfargesen
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A month ago
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The quantity of laptops demanded at $50 was higher than the quantity supplied.

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minaebied Author
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A month ago
Smart ... Thanks!
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Yesterday
Thanks
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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