Use the following to answer questions:
Figure: Price and Quantity 1
-(Figure: Price and Quantity 1) In the diagram, at which price is there a surplus?
A) $80
B) $50
C) $40
D) $0

Name: Use the following to answer questions: Figure: Price and Quantity 1 -(Figure: Price and Quantity 1) In the diagram, at which price is there a surplus? A) $80 B) $50 C) $40 D) $0
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Question

Use the following to answer questions:
Figure: Price and Quantity 1 
-(Figure: Price and Quantity 1) In the diagram, at which price is there a surplus?
A) $80 
B) $50 
C) $40 
D) $0

Quizplus · Accepted Answer

A surplus occurs when the quantity supplied exceeds the quantity demanded, which typically happens at higher prices.

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