True/False
A surplus will occur in a market when the price of the product is greater than the equilibrium price.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q2: Which of the following will not shift
Q3: If the supply curve and the demand
Q4: On a supply-and-demand diagram,consider a price for
Q5: Supply curves are usually upward sloping.
Q6: One reason that helps to explain the
Q7: Assume that computers and software are complements.If
Q8: The law of diminishing marginal utility helps
Q9: At a price above the equilibrium price,there
Q10: In the supply-and-demand diagram of the market
Q11: Demand takes into account goods,but not services.