Question

surplus occurs when the price is​

Answer 1

Answer:

A surplus occurs when the quantity supplied of a good exceeds the quantity demanded at a specific price. When graphed, a surplus is shown at a price above the equilibrium price; the size of the surplus is equal to the quantity gap between the supply curve and demand curve at that price.

(A surplus occurs when the quantity supplied is greater than the quantity demanded. For example, say at a price of $2.00 per bar, 100 chocolate bars are demanded and 500 are supplied.)

Explanation:

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Answer 2

Answer:

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