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A surplus of product will arise when price is: choose the correct answer: Multiple Choice above equilibrium with the result that quantity demanded exceeds quantity

A surplus of product will arise when price is:

choose the correct answer:

Multiple Choice

above equilibrium with the result that quantity demanded exceeds quantity supplied
below equilibrium with the result that quantity supplied exceeds quantity demanded
at equilibrium, with the result that quantity demanded equals quantity supplied
below equilibrium with the result that quantity demanded exceeds quantity supplied
above equilibrium with the result that quantity supplied exceeds quantity demanded

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