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hardy7luver hardy7luver
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2 months ago

On a supply-and-demand diagram, consider a price for which the horizontal distance to the supply curve exceeds the horizontal distance to the demand curve. There is a __________ at that price and the current price must be __________ the equilibrium price.



▸

shortage; above



▸

shortage; below



▸

surplus; above



▸

surplus; below

Textbook 
Economics

Economics


Edition: 12th
Author:
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browntown345browntown345
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surplus; above
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hardy7luver Author
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2 months ago
Thank you, thank you, thank you!
lubennick
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Yesterday
Correct Slight Smile TY
fgarza2146
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2 hours ago
Helped a lot
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