If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a ________ in the market and the price will ________.

Name: If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a ________ in the market and the price will ________.
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Question

Quizplus · Accepted Answer

There is a surplus in the market because the quantity supplied exceeds the quantity demanded, leading to a decrease in price.

If the Quantity of Textbooks Supplied Is 10,000 Per Year