Excess supply is
A) The result of a price that is above equilibrium, causing the quantity demanded to exceed the quantity supplied
B) The result of a price that is below equilibrium, causing the quantity demanded to exceed the quantity supplied
C) The result of a price that is above equilibrium, causing the quantity supplied to exceed the quantity demanded
D) The result of a price that is below equilibrium, causing the quantity supplied to exceed the quantity demanded
Correct Answer:
Verified
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