Use the following to answer questions :
Figure: The Market for Candy
-(Figure: The Market for Candy) Look at the figure The Market for Candy. A surplus of the good will exist at a price of:

Question

Use the following to answer questions :
Figure: The Market for Candy

-(Figure: The Market for Candy) Look at the figure The Market for Candy. A surplus of the good will exist at a price of:

Quizplus · Accepted Answer

A surplus occurs when the quantity supplied exceeds the quantity demanded. At a price of P1, the quantity supplied is greater than the quantity demanded, so there is a surplus.

Use the Following to Answer Questions