4. Examine the scenario: Consider that the current price of a juice per can is $8, buyers want to buy 300 cans of juices, sellers are willing to sell 600 cans of juices at that current price. 4a. Identify the problem created with this market of juices based on the scenario above. 4b. As a student in economics, suggest a solution of the problem you identified. Relate your answer with a valid real life example toned in the business context.
4. Examine the scenario: Consider that the current price of a juice per can is $8, buyers want to buy 300 cans of juices, sellers are willing to sell 600 cans of juices at that current price. 4a. Identify the problem created with this market of juices based on the scenario above. 4b. As a student in economics, suggest a solution of the problem you identified. Relate your answer with a valid real life example toned in the business context.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![4. Examine the scenario: Consider that the current price of a juice per
can is $8, buyers want to buy 300 cans of juices, sellers are willing to sell
600 cans of juices at that current price.
4a. Identify the problem created with this market of juices based on the
scenario above.
4b. As a student in economics, suggest a solution of the problem you
identified. Relate your answer with a valid real life example toned in the
business context.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4c7356f2-d6ec-400b-9e2a-bda1ceffe138%2F171cac72-f308-466d-8988-33cda00494c8%2Fv4i4wxi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. Examine the scenario: Consider that the current price of a juice per
can is $8, buyers want to buy 300 cans of juices, sellers are willing to sell
600 cans of juices at that current price.
4a. Identify the problem created with this market of juices based on the
scenario above.
4b. As a student in economics, suggest a solution of the problem you
identified. Relate your answer with a valid real life example toned in the
business context.
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