Question

Suppose cell phone producers are charging $150 for the latest cell phone. But the equilibrium price for the cell phone is $100. In a market without price controls, market pressures will move the price _____ the demand curve until it reaches the _____ price.

Answer 1

Imma say either A or B (im doing the same thing atm)

Answer 2

Down until it reaches equilibrium price so answer is b ( I just did it)