At a price below the equilibrium price,there is
A) a surplus.
B) a shortage.
C) excess supply.
D) sub-equilibrium.
E) none of the above

Name: At a price below the equilibrium price,there is A) a surplus. B) a shortage. C) excess supply. D) sub-equilibrium. E) none of the above
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

At a price below the equilibrium price, the quantity demanded by buyers exceeds the quantity supplied by sellers, resulting in a shortage.

At a Price Below the Equilibrium Price,there Is