Homework Help: economics

Posted by tony on Monday, December 20, 2010 at 6:50pm.

If the equilibrium price of an hour with a personal trainer is $45 and the market price is currently $55, then there is:

A. a surplus of personal trainers.
B. a shortage of personal trainers.
C. equilibrium
D. none of the above

I think it's A?

economics - Ms. Sue, Monday, December 20, 2010 at 6:56pm
I agree. It must be A.
economics - tony, Monday, December 20, 2010 at 6:57pm
thanks :-)

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