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Which of the following scenarios would cause a surplus in a market? a. the actual price is $20, the equilibrium price is $25, the quantity demanded is 100 and the quantity supplied is 75. b. the actual price is $25, the equilibrium price is $20, the quantity supplied is 100 and the quantity demanded is 75. c. the actual price is $25, the equilibrium price is $20, the quantity demanded is 100 and the quantity supplied is 75. d. the actual price is $20, the equilibrium price is $25, the quantity supplied is 100 and the quantity demanded is 75.
Answers: 2
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Which of the following scenarios would cause a surplus in a market? a. the actual price is $20, the...
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