When the price of a good is above the equilibrium, there ...
When the price of a good is above the equilibrium, there will be
A shortage
A surplus.
Unemployment
Inflation
Correct answer is B
If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded. There is a surplus of the goods on the market.
Which of the following will shift the demand curve for Bournvita to the right ...
Which of the following combinations is a veritable set of development indicators? ...
Which of the following does not require the use of information from census? ...
In a two by two model of international trade, it is assumed that ...
A type of unemployment which occurs due to technological progress is called ...
If the price Index of export is 140% and import is 200%, what is ...