When a surplus exists
A) the price is below the market clearing price.
B) quantity demanded exceeds quantity supplied.
C) an excess quantity demanded exists.
D) none of the above.

Name: When a surplus exists A) the price is below the market clearing price. B) quantity demanded exceeds quantity supplied. C) an excess quantity demanded exists. D) none of the above.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

A surplus occurs when the quantity supplied exceeds the quantity demanded, which is not described by any of the given options.

When a Surplus Exists