Use the following to answer question:
-(Table: The Market for Chocolate-Covered Peanuts)Use Table: The Market for Chocolate-Covered Peanuts.A surplus of 210 bags of chocolate-covered peanuts per month exists if the price is _____ per bag.
A)$0.90
B)$0.80
C)$0.60
D)$0.40

Question

Use the following to answer question: 
-(Table: The Market for Chocolate-Covered Peanuts)Use Table: The Market for Chocolate-Covered Peanuts.A surplus of 210 bags of chocolate-covered peanuts per month exists if the price is _____ per bag.
A)$0.90 
B)$0.80 
C)$0.60 
D)$0.40

Quizplus · Accepted Answer

At a price of $0.90 per bag, the quantity supplied exceeds the quantity demanded, leading to a surplus.

Use the Following to Answer Question