Question: A surplus occurs when: Multiple choice question. the quantity of output supplied is greater than the quantity of output demanded at the base year price.

A surplus occurs when: Multiple choice question. the quantity of output supplied is greater than the quantity of output demanded at the base year price. the quantity of output demanded is greater than the quantity of output supplied at the current market price. the quantity of output supplied is greater than the quantity of output demanded at the current market price. the quantity of output demanded is greater than the quantity of output supplied at any market price

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