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.
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.
举一反三
- A price that is higher than the equilibrium price ( ) A: The producer cannot recover the production cost at this price. B: At this price, the quantity supplied is greater than the quantity<br/>demanded. C: Consumers are willing to purchase all products at this price. D: Demand is greater than supply at this price.
- 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
- Producer surplus measures A: the benefits to sellers of participating in a market. B: the costs to sellers of participating in a market. C: the price that buyers are willing to pay for sellers' output of a good or service. D: the benefit to sellers of producing a greater quantity of a good or service than buyers demand.
- 中国大学MOOC: When sellers supply more of the product than buyers are willing to purchase, a ______ is created.
- When more people wish to buy than to sell, the price __________ rise.