Refer to the figure above. Suppose all the sellers in this market started out charging a price of $45 per unit. What is the most likely result?
Refer to the figure above. Suppose all the sellers in this market started out charging a price of $45 per unit. What is the most likely result?
A.They would all just break even because $45 is their reservation price.
B.They would all make a large profit because $45 is more than the equilibrium price.
C.They would feel pressure to lower their prices because at $45 there would be excess supply.
D.They would be forced to lower their prices because at $45 there would be excess demand.
正确答案:They would feel pressure to lower their prices because at $45 there would be excess supply.