-According to the above table, a surplus exists when
A) the price is $1 per unit.
B) the price is $2 per unit.
C) the price is $3 per unit.
D) the price is greater than $3 per unit.

Question

-According to the above table, a surplus exists when
A) the price is $1 per unit. 
B) the price is $2 per unit. 
C) the price is $3 per unit. 
D) the price is greater than $3 per unit.

Quizplus · Accepted Answer

A surplus occurs when the quantity supplied exceeds the quantity demanded, which typically happens at a price higher than the equilibrium price.

-According to the Above Table, a Surplus Exists When