Applied Economics questions

Exercise 2: Problem Solving and Critical Thinking Analysis Directions: Analyze this diagram below. "In the goods market, no seller would be willing to sell for less than the equilibrium price." State and explain the theory related to this statement. Note: The chart is your reference for your answer. B Po A t.... . D Oo https://www.slideshare.not/chufflaicuban/the bow ofb) If the price is above the equilibrium level, what could you predict with the demand and supply? c) If below the equilibrium point What could you predict A. equilibrium pain Demand Price @ Quantity