When the market price is above the equilibrium price, suppliers are unable to sell all they want to sell.

Name: When the market price is above the equilibrium price, suppliers are unable to sell all they want to sell.
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Question

Quizplus · Accepted Answer

When the market price is above the equilibrium price, there is a surplus of goods, meaning suppliers have more goods than consumers are willing to buy at that price, leading to unsold inventory.

When the Market Price Is Above the Equilibrium Price, Suppliers