Q. If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.
A) Excess Demand
B) Equilibrium
C) Marginal Revenue
D) Excess Supply
✔ Correct Answer: Excess Supply
Exam Insight
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A) Excess Demand
B) Equilibrium
C) Marginal Revenue
D) Excess Supply
✔ Correct Answer: Excess Supply
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