When Quantity Supplied Is Greater Than Quantity Demanded,market Price Is

question 141

Short Answer

When quantity supplied is greater than quantity demanded,market price is _______ the equilibrium price.

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Definitions:

Discriminant

A value derived from the coefficients of a quadratic equation that determines the nature and number of its solutions.

Real Solutions

Solutions to an equation that are real numbers, as opposed to complex or imaginary numbers.

Quadratic Formula

A formula that provides the solutions to a quadratic equation of the form ax^2 + bx + c = 0, with solutions given by (-b ± sqrt(b^2 - 4ac)) / (2a).

General Form

A way to write equations that doesn't follow a standard format, such as the general form of a line \(Ax + By + C = 0\).