Log in
Economics
1
answer
0
watching
254
views

There will be a surplus of a product when:

A. Price is below the equilibrium level.

B. The supply curve is downward sloping and the demand curve is upward sloping.

C. The demand and supply curves fail to intersect.

D. Consumers want to buy less than producers offer for sale.

Watch
1
answer
0
watching
254
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Prachi Dabas
Prachi DabasLv10
27 Jan 2021

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

A product market is in equilibrium:

A. when there is no surplus of the product

B. when there is no shortage of the product

C. when consumers want to buy more of the product than producers offer for sale

D. where the demand and supply curves intersect.

The law of supply indicates that other things equal,

A. Producers will produce more at a higher price

B. The supply curve is downward sloping

C. Demand curve is downward sloping

D. Producers will produce more at a low price. 

The law of supply indicates that other things equal:
a. consumers will purchase less of a good at high prices than at low prices.
b. producers will offer more of a good at low prices than at high prices.
c. producers will offer more of a good at high prices than at low prices.
d. the product supply curve is downward sloping.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in