中国大学MOOC: When sellers supply more of the product than buyers are willing to purchase, a ______ is created.
举一反三
- 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
- When the price of a good is lower than the equilibrium price, ________. A: a surplus will exist. B: buyers desire to purchase more than is produced. C: sellers desire to produce and sell more than buyers wish to purchase. D: quantity supplied exceeds quantity demanded.
- 中国大学MOOC: In ___________, there is more supply than demand, buyers are at an advantage and prices are low.
- 中国大学MOOC: Businesses are more willing to sell a product when the price _____ and less willing to sell it when prices _____.
- The equilibrium price is a point at which buyers’ demand for a product and sellers’ supply of it are in balance.