When the price of a good in a market is above equilibrium:
A) the quantity supplied exceeds the quantity demanded.
B) a surplus is observed.
C) the price will fall in the near future.
D) all of the above.
Correct Answer:
Verified
Q146: The price of a good will rise
Q258: The equilibrium price is best defined as
Q259: When quantity supplied equals quantity demanded, there
Q261: Exhibit 3-8 Demand and supply data
Q262:
Exhibit 3-7 Demand and supply curves
Q264: Exhibit 3-9 Demand and supply curves
Q265: Exhibit 3-10 Demand and supply curves
Q266: Which of the following is true about
Q267: Exhibit 3-10 Demand and supply curves
Q268: At any price below the equilibrium
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