Question

when the price of a good is above its equilibrium price, a:
a. surplus puts upward pressure on the price.
b. surplus puts downward pressure on the price.
c. shortage puts upward pressure on the price.
d. shortage puts downward pressure on the price.

Explanation:

When a good's price is above equilibrium, quantity supplied exceeds quantity demanded, creating a surplus. Sellers will lower prices to sell excess inventory, putting downward pressure on the price until equilibrium is restored.

Answer:

b. surplus puts downward pressure on the price.