If there is a surplus of a good,the quantity demanded is ________ the quantity supplied and the price will ________.

Name: If there is a surplus of a good,the quantity demanded is ________ the quantity supplied and the price will ________.
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Question

Quizplus · Accepted Answer

If there is a surplus, the quantity demanded is less than the quantity supplied. This means that there are more sellers than buyers, resulting in a decrease in price as sellers compete to attract buyers. Therefore, the price will fall.

If There Is a Surplus of a Good,the Quantity Demanded