If the price in the market is such that the quantity supplied exceeds the quantity demanded, then:

Name: If the price in the market is such that the quantity supplied exceeds the quantity demanded, then:
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Quizplus · Accepted Answer

When the price is above the equilibrium price, the quantity supplied will exceed the quantity demanded, leading to a surplus in the market. This is because sellers are willing to supply more of the good than buyers are willing to purchase at the higher price.

If the Price in the Market Is Such That the Quantity