Surpluses cause prices to rise while shortages cause prices to fall.
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Q25: A drought destroys much of the peach
Q38: Suppose Sue's buys a good for $60
Q335: Excess quantity demanded for a good creates
Q336: A surplus means that the quantity supplied
Q337: When the market price of a product
Q338: In economics, the term "shortage" means that
Q339: A shortage occurs when the quantity demanded
Q341: At $30 each, Jack will buy 1
Q342: Producer surplus is the:
A) amount by which
Q345: Consumer surplus is the:
A) number of consumers
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