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Business, 17.07.2021 03:50 DCURLS3518

Suppose the equilibrium price of avocados is $2.00. If the actual price is above the equilibrium price, a A. Shortage exists and the price falls to restore equilibrium.
B. Shortage exists and the price rises to restore equilibrium.
C. Surplus exists and the price falls to restore equilibrium.
D. Surplus exists and the price rises to restore equilibrium.
E. Surplus exists but nothing happens until either the demand or the supply changes.

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Suppose the equilibrium price of avocados is $2.00. If the actual price is above the equilibrium pri...
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