A surplus arises when: Group of answer choices a good's supply curve decreases, causing an increase in
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Question:
A surplus arises when:
Group of answer choices
a good's supply curve decreases, causing an increase in the equilibrium price.
the good's demand curve shifts right, causing an increase in the equilibrium price.
the good's price is held above the equilibrium price.
the good's price is held below the equilibrium price.
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