Get personalized answers to your unique questions on IDNLearn.com. Get prompt and accurate answers to your questions from our experts who are always ready to help.
Refer to the following supply and demand schedules for the market for yo-yos.
1.What are the equilibrium price and quantity of yo-yos? Explain your answer, and show your work.
2. If price in the market is $2, will there be a surplus or shortage of yo-yos and how large will the surplus/shortage be? Explain your answer, and show your work.
3.If price is $2, will price tend to increase, decrease, or stay the same over time?
4.If the price in the market is $5, will there be a surplus or shortage of yo-yos and how large will the surplus/shortage be? Explain your answer, and show your work.
5. If price is $5, will it tend to increase, decrease, or stay the same over time?
Sagot :
We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Thank you for visiting IDNLearn.com. We’re here to provide dependable answers, so visit us again soon.
