-In Figure 4-5,at a temporary price of $4,
A) all of the following occur
B) a surplus occurs
C) the supply curve will shift leftward
D) the demand curve will shift rightward
E) equilibrium will eventually occur at approximately $3.50

Question

-In Figure 4-5,at a temporary price of $4,
A) all of the following occur 
B) a surplus occurs 
C) the supply curve will shift leftward 
D) the demand curve will shift rightward 
E) equilibrium will eventually occur at approximately $3.50

Quizplus · Accepted Answer

A surplus occurs when the price is above the equilibrium price, leading to excess supply as quantity supplied exceeds quantity demanded.

-In Figure 4-5,at a Temporary Price of $4