1. If price were set at $300 this market, how many units of the good would be sold? Will any of those units be sold to consumers who are willing to pay more than $300? Will any of those units be sold to consumers who are willing to pay less than $300? Explain.

Answer rating: 100% (QA)

If the price were set at 300 in this market we can find the number of units sold by looking at the d... View the full answer