Question

question 39 (2 points)
a surplus of cardboard boxes means that
at the current price of a cardboard box, the quantity demanded exceeds the quantity supplied.
at the current price of a cardboard box, the quantity demanded is less than the quantity supplied.
the current price of a cardboard box is less than the equilibrium price.
at the current price of a cardboard box, the quantity demanded equals the quantity supplied and the price will fall to restore the equilibrium.
more information is needed to determine if the price of cardboard boxes is higher than, lower than, or equal to the equilibrium price.

Explanation:

A surplus in economics occurs when the quantity supplied exceeds the quantity demanded at a given price. This is a fundamental concept in the study of market equilibrium. When there is a surplus, it indicates that producers have supplied more of a good (in this case, cardboard boxes) than consumers are willing to buy at the current price.

Answer:

at the current price of a cardboard box, the quantity demanded is less than the quantity supplied.