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

Question 22 of 24 What would be the effect of including details from daily life in South America in a story? The story would appeal more to readers outside of S
Wowowowowowoowowowowow
The Democratic party would likely support all of the following efforts EXCEPT: A. reform of public education B. increase in states’ rights C. taxes to fund prog
Could someone help me with 2, 9, 10, 11, 12 13, and 14?
majour cause of unemployment are?​
what is a case control study
Archaeologists have found that people lived on the North American continent many years ago--long before all the glaciers had melted from this land. Many archaeo
Which season is described in the paragraph? Es abril y está lloviendo. Mañana va a salir el sol. Las flores empiezan a brotar. Toda la vegetación está creciendo
Which word best describes Dante's attitude in this passage? A Uncaring B Judgmental C Sympathetic D Enraged​
Please show your working too 1. Five men takes 3 hours and 20 minutes paint a house. How long would it take four men to paint a similar house? Give your answer