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3.1 Demand, supply, and equilibrium in markets for goods and  (Page 36/36)

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  • Card 36 / 36:
    surplus

    at the existing price, quantity supplied exceeds the quantity demanded; also called excess supply

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Practice FlashCards 14 Key Terms 18

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Source:  OpenStax, Microeconomics. OpenStax CNX. Aug 03, 2014 Download for free at http://legacy.cnx.org/content/col11627/1.10
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