No Bull Economics Lessons

Macroeconomics & Microeconomics Concepts You Must Know

Essential Questions

What is a surplus?

Posted on April 15, 2014 at 10:00 AM

A surplus occurs within a market when the quantity supplied exceeds the quantity demanded. Assuming no government price controls, a surplus is temporary and market forces will push the price back down toward equilibrium.

AP Macroeconomics / AP Microeconomics Unit 1 Basic Economic Concepts

Categories: AP Macroeconomics, Macro Unit 1 Basic Economic Concepts, Micro Unit 1 Basic Economic Concepts

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