Home › Bihar Board Class 12 (Arts) › Economics › Introduction to Economics › At a price above the equilibrium price, the mark…
At a price above the equilibrium price, the market shows what?
AA shortage
BPerfect balance
CA surplus
DZero supply
Answer & Solution
Correct answer: C. A surplus
Above equilibrium, sellers offer more than buyers want, creating a surplus that pushes the price down.
Related questions
In the AD-AS model, the aggregate demand curve slopes in which direction?Which model, invented by John Hicks in 1936, shows equilibrium in goods and money markets?Government spending that limits resources for private firms is an example of what?Fiscal policy uses which two instruments to influence the economy?Expansionary monetary policy does what to interest rates?Central banks conduct monetary policy mainly by adjusting what?Stabilization policy mainly uses which two sets of tools?The long-run emphasis in macroeconomics is on determinants of what?