A surplus of a product in a market indicates that the quantity demanded:
A) exceeds the quantity supplied and that the equilibrium price is above the price charged.
B) exceeds the quantity supplied and that the equilibrium price is below the price charged.
C) is less than the quantity supplied and that the equilibrium price is above the price charged.
D) is less than the quantity supplied and that the equilibrium price is below the price charged.
Correct Answer:
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A) there
