If the quantity demanded of milk is 55,000 and the quantity supplied of milk is 80,000, then:
A. there is an excess supply of 25,000 units of milk.
B. the price of milk will tend to rise to clear the market.
C. consumers get the milk they want so market equilibrium exists.
D. there is an excess demand of 25,000 units of milk.
Answer: A
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What will be an ideal response?
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