cathy_ant_oine
New member
A market price climbs toward equilibrium. Which of the following is the result?
a. New suppliers and consumers interact in the market, but get no surplus
b. Only new suppliers, but no new consumers trade in the market
c. New suppliers and new consumers trade in the market, but only suppliers get surplus
d. New suppliers and consumers interact in the market, and both receive surplus
a. New suppliers and consumers interact in the market, but get no surplus
b. Only new suppliers, but no new consumers trade in the market
c. New suppliers and new consumers trade in the market, but only suppliers get surplus
d. New suppliers and consumers interact in the market, and both receive surplus