Answer to Question #232119 in Mechanics | Relativity for Ali

Question

1. A local grocery store orders 200 cases of Pepsi each week and sells
them at a price of $6.00 per case. At the end of the first week, they have
only sold 160 cases. What economic situation is the grocery store facing
and what will have to happen to price in order for equilibrium to be
attained?
a. surplus; price will rise.
b. surplus; price will fall.
c. shortage; price will rise.
d. shortage; price will fall.
e. nothing since the market is in equilibrium.

Answer 1

Answer: b. surplus; price will fall.