At a price above the equilibrium price,there is
A) a shortage.
B) a surplus.
C) excess demand.
D) super-equilibrium.
E) none of the above

Name: At a price above the equilibrium price,there is A) a shortage. B) a surplus. C) excess demand. D) super-equilibrium. E) none of the above
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Question

Quizplus · Accepted Answer

At a price above the equilibrium price, the quantity supplied exceeds the quantity demanded, leading to a surplus of the product in the market.

At a Price Above the Equilibrium Price,there Is