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Social Studies, 11.10.2019 00:00 SpeechlessZzz9920
The market for cell phones reaches equilibrium because cell phone sellers have an incentive: to decrease quantity and so do cell phone consumers, so the price goes to to equilibrium. for prices to fall and some cell phone consumers only buy at higher prices, driving the price to equilibrium. to increase quantity and so do cell phone consumers, so the price goes to to equilibrium. for prices to rise and some cell phone consumers will not buy at higher prices, driving the price to equilibrium.
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The market for cell phones reaches equilibrium because cell phone sellers have an incentive: to dec...
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