When sellers supply more of the product than buyers are willing to purchase, a ______ is created.
A: shortage
B: supply and demand schedule
C: surplus
D: demand
A: shortage
B: supply and demand schedule
C: surplus
D: demand
举一反三
- 中国大学MOOC: When sellers supply more of the product than buyers are willing to purchase, a ______ is created.
- The equilibrium price is a point at which buyers’ demand for a product and sellers’ supply of it are in balance.
- 中国大学MOOC: In ___________, there is more supply than demand, buyers are at an advantage and prices are low.
- When the price of a good is held under the equilibrium price, the result will be A: Excess demand B: Excess supply C: A surplus of the good D: neither surplus nor shortage of the good
- Which of the following would cause price to decrease? A: a decrease in supply B: an increase in demand C: a surplus of the good D: a shortage of the good