Mae's Country Kitchen sells out of her cinnamon rolls every morning before 8:30 a.m., and her later customers ask her to make more
The next day, Mae makes an additional two dozen cinnamon rolls and raises the price of an individual cinnamon roll by 50ยข. She sells all but one of them. Mae has found the ________ price of her cinnamon rolls.A) market
B) supply
C) demand
D) determinant
E) surplus
A
Explanation: A) The market price is the price at which everyone who wants the item can get it without surplus or further demand.
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What will be an ideal response?
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