Whenever there is a surplus at a particular price, the quantity sold at that price will equal:

• A. the quantity demanded at that price
• B. the quantity supplied at that price
• C. the average of quantity demanded and quantity supplied
• D. the equilibrium quantity

Answer: (A)

Verified step by step guidance

1. Understand the concept of surplus: A surplus occurs when the quantity supplied exceeds the quantity demanded at a given price.
2. Recall that when there is a surplus, sellers have more goods than buyers want to purchase at that price.
3. Since sellers want to sell their excess goods, the actual quantity sold will be limited by how many buyers are willing to buy, which is the quantity demanded.
4. Therefore, the quantity sold at a price where there is a surplus cannot exceed the quantity demanded at that price.
5. Conclude that the quantity sold equals the quantity demanded at that price when there is a surplus.