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A surplus exists in a market if a. there is an excess demand for the good. b. the situation is such that the law of

A surplus exists in a market if a. there is an excess demand for the good. b. the situation is such that the law of supply and demand would predict an increase in the price of the good from its current level. c. the current price is above its equilibrium price. d. None of the above is correct.

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