Complete the Following Sentence.A Surplus

question 150

Multiple Choice

Complete the following sentence.A surplus

• A)exists if the price is above the equilibrium price.
• B)is the amount by which the quantity demanded exceeds the quantity supplied.
• C)is the amount by which the quantity demanded exceeds the equilibrium quantity.
• D)is the amount by which the quantity supplied exceeds the equilibrium quantity.
• E)will lead to rising prices.

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