If a surplus exists in a market we know that the actual price is
a. above equilibrium price and quantity supplied is greater than quantity demanded.
b. above equilibrium price and quantity demanded is greater than quantity supplied.
c. below equilibrium price and quantity demanded is greater than quantity supplied.
d. below equilibrium price and quantity supplied is greater than quantity demanded.
A
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If relative purchasing power between the United States and Argentina is 3.22 pesos per dollar, under which circumstances would we say that the dollar is "overvalued"?
A) if the actual exchange rate between the dollar and the Argentinean peso is 3 pesos per dollar B) if the actual exchange rate between the dollar and the Argentinean peso is 4 pesos per dollar C) if the actual exchange rate between the dollar and the Argentinean peso is 3.22 pesos per dollar D) if the actual exchange rate between the dollar and the Argentinean peso is 0.22 pesos per dollar
Industrial growth and location changed while manufacturing employment rose in the Sun Belt and fell in the Frost Belt
This growth and relocation were primarily due to the relocation of plants, functions and people moving from the Frost Belt to the Sun Belt. Indicate whether the statement is true or false
In labor markets, risk taking accounts for some income differences.
Answer the following statement true (T) or false (F)
To decrease the money supply, the Fed may sell government securities or lower taxes
Indicate whether the statement is true or false