Whenever there is a surplus at a particular price, the quantity sold at that price will equal:
A. (quantity demanded plus quantity supplied)/2.
B. the quantity supplied at that price.
C. the quantity supplied minus the quantity demanded.
D. the quantity demanded at that price.
Answer:D
Whenever there is a surplus at a particular price, the quantity sold at that price will equal:
A. (quantity demanded plus quantity supplied)/2. B. the quantity supplied at that price. C. the quantity supplied minus the quantity demanded. D. the quantity demanded at that price.
Explanation: Figure 5-1