Fill in the blanks: At a price greater than the equilibrium price, a(n) _____________, or excess quantity

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Fill in the blanks:

At a price greater than the equilibrium price, a(n)

_____________, or excess quantity supplied, would exist. Sellers would be willing to sell _____________ than demanders would be willing to buy. Frustrated suppliers would _____________ their price and _____________ on production, and consumers would buy ____________, returning the market to equilibrium.

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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