8
answers
0
watching
254
views

if a surplus exists in a​ market, we know that the actual price is:

a. Below the equilibrium price, and quantity demanded is greater than quantity supplied

b. Above the equilibrium price, and quantity supplied is greater than quantity demanded

c. Above the equilibrium price, and quantity demanded is greater than quantity supplied

d. Below the equilibrium price, and quantity supplied is greater than quantity demanded

 

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

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Ronaldo Mendoza
Ronaldo MendozaLv10
25 Aug 2020
Already have an account? Log in
Start filling in the gaps now
Log in