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When the market price is higher than the equilibrium price, there is: A. a surplus. B. a shortage. C. both a shortage and a surplus. D. neither a shortage nor a surplus.
Question
Asked 1/20/2013 4:29:24 PM
Updated 3/4/2015 1:47:26 PM
2 Answers/Comments
Edited by yumdrea [3/4/2015 1:43:43 PM], Flagged by yumdrea [3/4/2015 1:43:49 PM]
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User: When the market price is higher than the equilibrium price, there is: A. a surplus. B. a shortage. C. both a shortage and a surplus. D. neither a shortage nor a surplus.

Question
Asked 1/20/2013 4:29:24 PM
Updated 3/4/2015 1:47:26 PM
2 Answers/Comments
Edited by yumdrea [3/4/2015 1:43:43 PM], Flagged by yumdrea [3/4/2015 1:43:49 PM]
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When the market price is higher than the equilibrium price, there is: a SURPLUS.

Added 3/4/2015 1:47:26 PM
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