Use the following to answer questions
Figure: Determining Surplus and Loss
-(Figure: Determining Surplus and Loss)In the graph,if the government sets a price of $12,there is a:

Name: Use the following to answer questions Figure: Determining Surplus and Loss -(Figure: Determining Surplus and Loss)In the graph,if the government sets a price of $12,there is a:
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Use the following to answer questions 
Figure: Determining Surplus and Loss 
-(Figure: Determining Surplus and Loss)In the graph,if the government sets a price of $12,there is a:

Quizplus · Accepted Answer

A price set at $12 above the equilibrium price leads to a surplus, as the quantity supplied exceeds the quantity demanded by 40 units.

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