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A medical device company is selling a new surgical tool. Despite positive reviews from surgeons, the company has a surplus of the product. Which of these statements describes the price of the tool?

Above equilibrium, because the quantity supplied is exceeding quantity demanded
Above equilibrium, because the quantity demanded is exceeding quantity supplied
Below equilibrium, because the quantity supplied is exceeding quantity demanded
Below equilibrium, because the quantity demanded is exceeding quantity supplied

A medical device company is selling a new surgical tool Despite positive reviews from surgeons the company has a surplus of the product Which of these statement class=

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abiolataiwo2015

The statements  that describes the price of the tool is: Above equilibrium, because the quantity supplied is exceeding quantity demanded

Above equilibrium

Above equilibrium tend to occur when the price of goods is positive but their is surplus in the market because the amount of goods supplied is more than the quantity demanded.

Hence, the correct option is A, because despite a positive review of the product, the company still has a surplus of the product in the market.

Learn more about Above equilibrium here:https://brainly.com/question/14297698

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