The equilibrium price for Gizmos Puzzle Toys is $10, but Gizmos are currently priced at $12 throughout the market. In the typical store that sells Gizmos, we might expect: O the box of available Gizmos is often full. equilibrium has nothing to do with how many Gizmos the store sells. the store has a surplus of generic brand puzzles. the box of available Gizmos is often empty.
The equilibrium price for Gizmos Puzzle Toys is $10, but Gizmos are currently priced at $12 throughout the market. In the typical store that sells Gizmos, we might expect: O the box of available Gizmos is often full. equilibrium has nothing to do with how many Gizmos the store sells. the store has a surplus of generic brand puzzles. the box of available Gizmos is often empty.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The equilibrium price for Gizmos Puzzle Toys is $10,
but Gizmos are currently priced at $12 throughout the
market. In the typical store that sells Gizmos, we might
expect:
O the box of available Gizmos is often full.
O
equilibrium has nothing to do with how
many Gizmos the store sells.
the store has a surplus of generic brand
puzzles.
the box of available Gizmos is often empty.
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