If the price in a market is below the equilibrium price,then a supplier can produce an additional unit at a cost that is lower than the price buyers are willing to pay.This is referred to as
A) leaving "cash on the table."
B) market equilibrium.
C) exploiting all opportunities.
D) maximizing economic surplus.
E) achieving economic efficiency.

Question

Quizplus · Accepted Answer

When the price is below equilibrium, suppliers are not taking advantage of the opportunity to sell at a higher price, thus leaving "cash on the table."

If the Price in a Market Is Below the Equilibrium