If the quantity of housing supplied in a community is greater than the quantity of houses demanded,the existing price:
A)is above the market equilibrium price.
B)will rise to clear the market.
C)will either rise or remain unchanged.
D)is below the market equilibrium price.

Question

Quizplus · Accepted Answer

When the quantity of housing supplied exceeds the quantity demanded, it indicates that the existing price is above the market equilibrium price, leading to a surplus of houses.

If the Quantity of Housing Supplied in a Community Is