When the price of a good in a market is above equilibrium: a. The quantity supplied exceeds

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When the price of a good in a market is above equilibrium:

a. The quantity supplied exceeds the quantity demanded.

b. A surplus is observed.

c. The price will fall in the near future.

d. All of the above.

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Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

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