RedAngel4381 RedAngel4381

15-02-2024
Business

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The quantity demanded is less than the quantity supplied at a market price equilibrium, resulting in a surplus. Which of the following correctly describes this situation?

A) The quantity demanded is greater than the quantity supplied.
B) The quantity supplied is greater than the quantity demanded.
C) The quantity demanded and supplied are equal.
D) None of the above.

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