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The equilibrium price of a good in market A is $24. The current price of the good in market A is ...

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The equilibrium price of a good in market A is $24. The current price of the good in market A is ...

The equilibrium price of a good in market A is $24. The current price of the good in market A is $21. At this price, a(n) ________________________ of the good exists in market A.

▸

surplus

▸

shortage

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excess supply

▸

excess demand

▸

b and d

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Economics

Edition: 12^th

Author: Arnold

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