If producers of milk try to maintain a price above the equilibrium price then the condition of excess demand will exist.Group of answer choicesTrueFalse

If producers of milk try to maintain a price above the equilibrium price then the condition of excess demand will exist.Group of answer choicesTrueFalse

The cost of milk (an input for ice cream) decreases. The equilibrium price and the equilibrium quantity

The price at which there is neither an excess demand nor excess supply must be the _____ price.Multiple choice question.efficientequilibriumequitable

Explain how the price mechanism would impact both producers and consumers to returnthe market for frozen fries to equilibrium.

Assuming a unitary elastic demand and supply, a tax on the sellers of coffee will the equilibrium price of coffee and the equilibrium quantity of coffee.