The amount of a good sold in a market at a particular price cannot exceed the quantity
A)demanded at that price.
B)supplied at that price.
C)sold when there is a price floor.
D)sold when there is a price ceiling.

Question

Quizplus · Accepted Answer

The quantity of a good sold in a market at a particular price cannot exceed the quantity supplied at that price. This is because the supply curve represents the amount of a good that producers are willing and able to sell at a given price, while the demand curve represents the amount that buyers are willing and able to purchase at that price. The quantity sold in a market will be the lower of the two, which is represented by the point where the supply and demand curves intersect.

The Amount of a Good Sold in a Market at a Particular