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-A Surplus of Product Will Arise When Price Is

Question 28

Multiple Choice

-A surplus of product will arise when price is: A) above equilibrium with the result that quantity demanded exceeds quantity supplied B) above equilibrium with the result that quantity supplied exceeds quantity demanded C) below equilibrium with the result that quantity demanded exceeds quantity supplied D) below equilibrium with the result that quantity supplied exceeds quantity demanded E) at equilibrium, with the result that quantity demanded equals quantity supplied
-A surplus of product will arise when price is:


A) above equilibrium with the result that quantity demanded exceeds quantity supplied
B) above equilibrium with the result that quantity supplied exceeds quantity demanded
C) below equilibrium with the result that quantity demanded exceeds quantity supplied
D) below equilibrium with the result that quantity supplied exceeds quantity demanded
E) at equilibrium, with the result that quantity demanded equals quantity supplied

Correct Answer:

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