There is a surplus when quantity supplied exceeds quantity demanded.
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Q75: Without appropriately defined property rights, markets fail.
Q76: Q77: When the price is too low, shortages Q78: Rising prices provide incentives for businesses to Q79: Falling prices provide incentives for businesses to Q81: If the market for Twinkies is in Q82: At the equilibrium price, business inventories are Q83: Price signals in markets Q84: Shortages are eliminated by Q85: Market-clearing prices
A)
A) allow uninterested buyers
A) increasing quantity demanded.
B)
A) are prices that sit still.
B)
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