If the equilibrium price of an hour with a personal trainer is $45 and the market price is currently $55,then there is

Name: If the equilibrium price of an hour with a personal trainer is $45 and the market price is currently $55,then there is
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When the market price is above the equilibrium price, it means that the quantity supplied exceeds the quantity demanded, leading to a surplus. In this case, there are more personal trainers available than there are clients willing to pay the higher price of $55.

If the Equilibrium Price of an Hour with a Personal