A market surplus occurs if the:
A) price is below the equilibrium price.
B) price is equal to the equilibrium price.
C) equilibrium price is above the actual price.
D) equilibrium price is below the actual price.
Ans: D) equilibrium price is below the actual price.
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Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false
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