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18 September, 19:33

A new CD is being marketed to teens at a price of $20. The suppliers are selling all of the CDs they have, and the teens are getting all of the CDs they are demanding, so $20 could be defined as the CD's. a. average price b. equilibrium price c. maximum price d. minimum price

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  1. 18 September, 20:20
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    Out of the choices given, $20 can be defined as the CD's equilibrium price. The correct answer is B, equilibrium price.
  2. 18 September, 21:51
    0
    I believe the answer is B. equilibrium price
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