Table 11.1-Aggregate supply and demand
-In Table 11.1,at which of the following price levels would a surplus occur?
A) 100
B) 110
C) 120
D) 130

Name: Table 11.1-Aggregate supply and demand -In Table 11.1,at which of the following price levels would a surplus occur? A) 100 B) 110 C) 120 D) 130
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Question

Table 11.1-Aggregate supply and demand 
-In Table 11.1,at which of the following price levels would a surplus occur?
A) 100 
B) 110 
C) 120 
D) 130

Quizplus · Accepted Answer

A surplus occurs when the price level is above the equilibrium price, leading to quantity supplied exceeding quantity demanded.

Table 11.1-Aggregate Supply and Demand