Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Fill in the blanks to complete the statement describing market equilibrium.

The market-clearing price for cantaloupes is the price at which the ________ supplied equals the ________ demanded.

If the market price is too high, then there is a ________.

If the market price is too low, then there is a ________.

Options:
- surplus
- quantity demanded
- demand
- shortage

Sagot :

GinnyAnswer
Sure, let’s fill in the blanks to complete the statement:

The market-clearing price for cantaloupes is the price at which the quantity supplied equals the quantity demanded, then there is a market equilibrium. If the market price is too high, then there is a surplus. If the market price is too low, then there is a shortage.

So the filled-in statement will be:

The market-clearing price for cantaloupes is the price at which the quantity supplied equals the quantity demanded, then there is a market equilibrium. If the market price is too high, then there is a surplus. If the market price is too low, then there is a shortage.
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.