A company in China manufactures basketballs. A company in the United States buys the basketballs and resells them to people there. What term best describes the U.S. company?
a. importer (?)
b. exporter
c. producer
d. consumer
Equilibrium prices are achieved when ________________.
a. demand is greater than supply.
b. sellers break even.
c. supply equals demand. (?)
d. supply is greater than demand.
1 answer
a and c.