When the Price of a Good in a Market Is

question 58

Multiple Choice

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 these factors apply.

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Definitions:

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Marginal Decision

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Seventh Inning

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Postgame Traffic

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