When Quantity Supplied Exceeds Quantity Demanded,a

question 244

Multiple Choice

When quantity supplied exceeds quantity demanded,a:

• A) shortage occurs and prices are bid up toward equilibrium.
• B) shortage occurs and prices are pushed down toward equilibrium.
• C) surplus occurs and prices are bid up toward equilibrium.
• D) a surplus occurs and prices are pushed down toward equilibrium.

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Definitions:

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