Suppose cell phone producers are charging $150 for the latest cell phone. but the equilibrium price for the cell phone is $100. in a market without price controls, market pressures will move the price the demand curve until it reaches the price. up, surplus down, equilibrium down, shortage

Yours answers are Down and equilbrium.

Explanation:

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi