Business, 22.02.2021 19:30 jeniferfayzieva2018

Suppose the market for hamburgers is unregulated. That is, hamburger prices are free to adjust based on the forces of supply and demand. If a shortage exists in the hamburger market, then the current price must be than the equilibrium price. For the market to reach equilibrium, you would expect . If a shortage exists in the hamburger market, then the current price must be a)higher b)lower than the equilibrium price. For the market to reach equilibrium, you would expect:
a) buyers to offer higher prices
b) sellers to offer lower prices
c) persistent excess demand

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Suppose the market for hamburgers is unregulated. That is, hamburger prices are free to adjust based...