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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