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katrin2010 [14]
3 years ago
12

If the price is above the equilibrium level, then the quantity supplied will exceed the quantity demanded. This is known as ____

_________.
Advanced Placement (AP)
1 answer:
iVinArrow [24]3 years ago
6 0

Answer: A surplus

Explanation:Regardless of the cause, a price above equilibrium will result in quantity supplied being greater than quantity demanded. This excess supply is also known as a surplus. There are too many sellers who are enticed by the high price, and not enough buyers.

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