A Surplus Occurs Whenever

question 233

Multiple Choice

A surplus occurs whenever

• A) price is below the equilibrium price.
• B) price is above the equilibrium price.
• C) price is equal to the equilibrium price.
• D) the supply curve is downward sloping.

---

Definitions:

Skills

The ability to do something well, typically as a result of one's knowledge, practice, and aptitude.

Media Attention

The focus or coverage that media outlets give to a particular event, person, or issue.

Violent Crimes

Acts where offenders use or threaten to use force against their victims, examples include murder, rape, robbery, and assault.

Common Types

refers to the usual or most frequently encountered categories within a broader group or category.