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Vlad [161]
3 years ago
15

If prices are set higher than the

History
1 answer:
KatRina [158]3 years ago
5 0

Answer:

Regardless of the cause, we see in Figure 3.6b that a price above equilibrium will result in quantity supplied being greater than quantity demanded. This excess supply is also known as a surplus.

Explanation:

Hope it helps!

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