contestada

The auction price of the game system is higher than the

retail price because

If you waited six months to buy the phone, you would

have saved ".


Answer: demands is higher than supply & $200

Respuesta :

Answer:

Higher than retail price because: demand is higher than supply

You would have saved: $200

Explanation:

The amount of money that would be saved in six months because the demand exceeds the supply would be:

- $ 200

  • Given that, the sale price(advertisement price) of a gaming system exceeds its retail price which implies that the demand exceeds the supply.
  • Therefore, if one wishes to wait for six months, he/she could save $200 because the price would eventually get lower to come to the equilibrium price.
  • This will benefit the buyer and help him/her save the additional $ 200 in 6 months.

Learn more about 'Demand' here:

brainly.com/question/2733525

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