Economics · Economy

When the price of a good is held above the equilibrium price, the result will be ________.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1An immediate shift in the demand curve
2A surplus of the good✓
3A shortage of the good
4Excess demand

Correct answer

A surplus of the good

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When the price of a good is held above the equilibrium price, the result will be ________.

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When the price of a good is held above the equilibrium price, the result will be ________.

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