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EBK MODERN PRINCIPLES OF MACROECONOMICS
4th Edition
ISBN: 8220106834978
Author: COWEN
Publisher: YUZU
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Question
Chapter 4, Problem 1FT
To determine
Surplus.
Expert Solution & Answer
![Check Mark](/static/check-mark.png)
Explanation of Solution
If the price in the market is above the equilibrium price, the quantity supplied is greater than the quantity demanded. As a result, there will be a lot of unsold goods, hence it creates a surplus.
Economics Concept Introduction
Concept introduction:
Surplus: Surplus is a situation in which the quantity supplied is greater than the quantity demanded.
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Chapter 4 Solutions
EBK MODERN PRINCIPLES OF MACROECONOMICS
Ch. 4 - Prob. 1FTCh. 4 - Prob. 2FTCh. 4 - Prob. 3FTCh. 4 - Prob. 4FTCh. 4 - Prob. 5FTCh. 4 - Prob. 6FTCh. 4 - Prob. 7FTCh. 4 - Prob. 8FTCh. 4 - Prob. 9FTCh. 4 - Prob. 10FT
Ch. 4 - Prob. 11FTCh. 4 - Prob. 12TPSCh. 4 - Prob. 13TPSCh. 4 - Prob. 14TPSCh. 4 - Prob. 15TPSCh. 4 - Prob. 16TPSCh. 4 - Prob. 17TPSCh. 4 - Prob. 18TPSCh. 4 - Prob. 19TPSCh. 4 - Prob. 20TPSCh. 4 - Prob. 21TPSCh. 4 - Prob. 22TPSCh. 4 - Prob. 23TPSCh. 4 - Prob. 24TPSCh. 4 - Prob. 25TPSCh. 4 - Prob. 26TPSCh. 4 - Prob. 27TPSCh. 4 - Prob. 28CCh. 4 - Prob. 29CCh. 4 - Prob. 30CCh. 4 - Prob. 31CCh. 4 - Prob. 32CCh. 4 - Prob. 33CCh. 4 - Prob. 34C
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