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-What Situation Gives Rise to a Surplus

Question 440

Multiple Choice

-What situation gives rise to a surplus? A) The market clearing price of the good is too high. B) The current price of the good is below its market clearing price. C) The current price of the good is above its market clearing price. D) Supply of the good decreases, but the market price is not permitted to change.
-What situation gives rise to a surplus?


A) The market clearing price of the good is too high.
B) The current price of the good is below its market clearing price.
C) The current price of the good is above its market clearing price.
D) Supply of the good decreases, but the market price is not permitted to change.

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