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
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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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
