When are equilibrium prices achieved?
(1 point)
Responses
when demand is greater than supply
when demand is greater than supply
when sellers break even
when sellers break even
when supply equals demand
when supply equals demand
when supply is greater than demand
when supply equals demand
A company introduces a printer that does not require ink cartridges. As a result, the price of printers that use ink drops. What is another likely outcome?
(1 point)
Responses
The price of ink cartridges goes up.
The price of ink cartridges goes up.
The price of ink cartridges drops.
The price of ink cartridges drops.
The demand for ink cartridges goes up.
The demand for ink cartridges goes up.
The supply of ink cartridges drops.