A price that is above the equilibrium price creates a surplus. Producers are willing and able to

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A price that is above the equilibrium price creates a surplus. Producers are willing and able to offer more for sale than buyers are willing and able to purchase.

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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Question Posted: Jul 05, 2024 10:04 AM

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A price that is above the equilibrium price creates a surplus. Producers are willing and able to

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Fundamentals Of Economics

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