jadekosier61 jadekosier61

19-05-2021
History

contestada

If prices are set higher than the
equilibrium price, what economic term
describes the resulting extra goods?

Respuesta :

19-05-2021

Answer:

Regardless of the cause, we see in Figure 3.6b that a price above equilibrium will result in quantity supplied being greater than quantity demanded. This excess supply is also known as a surplus.

Explanation:

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