Multiple Choice
Whenever there is a surplus at a particular price, the quantity sold at that price will equal:
A) the quantity demanded at that price.
B) the quantity supplied minus the quantity demanded.
C) the quantity supplied at that price.
D) (quantity demanded plus quantity supplied) /2.
Correct Answer:
Verified
Related Questions
Q123: If both market demand and supply increase
Q124: If market demand decreases and market supply
Q125: Assume a price ceiling is imposed at
Q126: Assume a price floor is imposed at
Q127: Ceteris paribus, if the market demand for