What situation gives rise to a surplusa there is a small, Ask an Expert

Economics

What situation gives rise to a surplus?

A) There is a small equilibrium quantity

B) The current price of the good is below its market clearing price

C) The current price of the good is above its market clearing price

D) Supply of the good decreases, but the market price is not permitted to change

E) Both [C] and [D] are correct

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91273879

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