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When a Surplus Exists in a Market, We Know That

Question 28

Multiple Choice

When 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 supplieB.
C) below equilibrium price and quantity demanded is greater than quantity supplieC.
D) below equilibrium price and quantity supplied is greater than quantity demanded.

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