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Time laken:0:32:29 Vanessa Bettoni: Attempt 1 Question 5 (0.3125 points) Which of the following describes the price of a product when there is a surplus?

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Time laken:0:32:29 Vanessa Bettoni: Attempt 1 Question 5 (0.3125 points) Which of the following describes the price of a product when there is a surplus? the price is above equilibrium and the quantity demanded exceeds quantity supplied O the price is above equilibrium and quantity supplied exceeds quantity demanded O the price is below equilibrium and quantity demanded exceeds quantity supplied the price is below equilibrium and quantity supplied exceeds quantity demanded

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