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9 June, 21:51

He market-clearing price for cantaloupes is the price at which the quantity supplied equals the -. if the market price is too high, then there is a -. if the market price is too low, then there is a -.

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  1. 9 June, 22:21
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    The market-clearing price for cantaloupes is the price at which the quantity supplied equals the quantity demanded. If the market price is too high, then there is a surplus. If the market price is too low, then there is a shortage.

    A market-clearning price is defined as the price of a good or service where the quantity supplied is equal to the quantity demanded. Since this is the definition, it explains the pricing that is set and demanded for the cantaloupes. A surplus is when there are left over amounts of a good or service after those in demand are taken care of. A shortage happens when there is not enough of something that is being demanded.
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