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If a Surplus Exists in a Market We Know That

Question 240

Multiple Choice

If a surplus exists in a market we know that the actual price is


A) above equilibrium price and quantity supplied is greater than quantity demanded.
B) above equilibrium price and quantity demanded is greater than quantity supplied.
C) below equilibrium price and quantity demanded is greater than quantity supplied.
D) below equilibrium price and quantity supplied is greater than quantity demanded.

Correct Answer:

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