If price is above the equilibrium price, then there will be:
A)both excess supply and excess demand.
B)neither excess supply nor excess demand.
C)excess supply.
D)excess demand.

Name: If price is above the equilibrium price, then there will be: A)both excess supply and excess demand. B)neither excess supply nor excess demand. C)excess supply. D)excess demand.
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Question

Quizplus · Accepted Answer

If price is above the equilibrium price, the quantity supplied will be greater than the quantity demanded.

If Price Is Above the Equilibrium Price, Then There Will