Pinapple5258 Pinapple5258
  • 30-06-2018
  • Advanced Placement (AP)
contestada

If the price is above the equilibrium level, then the quantity supplied will exceed the quantity demanded. This is known as _____________.

Respuesta :

halllillie2016 halllillie2016
  • 03-11-2019

Answer: A surplus

Explanation:Regardless of the cause, a price above equilibrium will result in quantity supplied being greater than quantity demanded. This excess supply is also known as a surplus. There are too many sellers who are enticed by the high price, and not enough buyers.

Answer Link

Otras preguntas

Why do some metals lose their shine over time but Gold does not?
a lamp is 4ft 8in tall .What is the height of the lamp in inches?
Write a fraction, less than 1, with a demoninator that is greater than 3/4
a number,n, is at least -1.5
Why did Spanish leaders want to push Spanish control into North America in mid 1500
Determine the solution of the system. Show your work Y= 5x-9 Y= 2x+6 Please , Please show your work step by step . Thank you Write an equation of a line who
How do you determine the area of a circle? (What is the formula of a circle?)
what is the simplest form of 3/6 + 1/3
ethnicity is mostly based on
Which big idea in biology revolves around the idea that all life forms on Earth are connected and linked to one another as well as the land, water, and air arou