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If the Quantity Supplied Exceeds the Quantity Demanded, Then There

Question 278

Multiple Choice

If the quantity supplied exceeds the quantity demanded, then there is


A) a shortage and the price is above the equilibrium price.
B) a surplus and the price is above the equilibrium price.
C) a surplus and the price is below the equilibrium price.
D) a shortage and the price is below the equilibrium price.

Correct Answer:

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