Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

if the price is set above the equailibrium we will have (a/an) equilibr…

Question

if the price is set above the equailibrium we will have (a/an)
equilibrium
recession
shortage
surplus

Explanation:

Brief Explanations

In economics, when price is above equilibrium, quantity supplied exceeds quantity demanded, leading to a surplus.

Answer:

Surplus