--%>

Meaning of surplus in current price

I have a problem in economics on Meaning of surplus in current price. Please help me in the following question. The surplus of potting soil signifies that the current price: (1) Makes an surplus demand. (2) Is above the equilibrium. (3) Surpasses the quantity demanded. (4) Makes a seller’s market.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Wages for workers and economic rent The

    The monthly check which you pay to your landlord shows: (w) interest for use of the landlord’s capital, and wages for maintenance workers, economic rent depends on the location and amount of land as well as perhaps, several economic profit (when there is any mon

  • Q : Limitation of price elasticities of

    Price elasticities of supply and demand do NOT: (w) reflect desperation for goods and customers by buyers and sellers, respectively. (x) rise as the time period considered is expanded. (y) find out the economic incidence of a tax. (z) find out the leg

  • Q : AFC curve What does AFC curve appear

    What does AFC curve appear like? Why does it appear so?

  • Q : More unit gains marginal revenue by

    A firm which can sell each and every unit of its production at a price of $200 and that sells 500 more units gains marginal revenue by the additional units of: (w) $500,000. (x) $100,000. (y) $200. (z) $10,000. I n

  • Q : Pre-tax and pre transfer income

    From 1950, the pre-tax and pre transfer income distribution comprises: (w) become more equitably distributed. (x) remained about constant. (y) become less equitably distributed. (z) moderated because the rich and the poor both lost income to the middl

  • Q : Decisions of market for loanable funds

    If considering the market for loanable funds, and the classical view of how interest is associated to people’s decisions to save is which: (w) interest income is the prime example of an unearned economic rent. (x) the primary reason for inequali

  • Q : Downward-sloping demand curve The law

    The law of demand is graphically demonstrated by: (1) Movement all along the supply curve. (2) The downward-sloping demand curve. (3) The rightward shift of demand curve. (4) Shifting of production possibilities. C

  • Q : Determine when demand for product is

    The demand for Robot Butlers (i.e., termed as “Robotlers”), that is unitarily elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point e.

    Q : Deterrent Give me answer of this

    Give me answer of this question. Which one of the following is presently a major deterrent to bank panics in the United States? A) the legal reserve requirement B) the fractional reserve system C) the gold standard D) deposit insurance

  • Q : Problem on Closed Shops Can someone

    Can someone please help me in finding out the accurate answer from the following question. The firm which operates beneath a closed shop agreement: (i) Produces more gains than the firm beset through union strikes. (ii) Is less beneath organized labor's control than t