If the price is above the equilibrium price in the market for grapefruit,assuming a positively sloped supply curve and a negatively sloped demand curve,total surplus:

A) will be greater than if price were at equilibrium.
B) will be less than if price were at equilibrium.
C) will be the same as if price were at equilibrium.
D) may be different than if price were at equilibrium,but we cannot determine this without more information.

Positively Sloped

Describes a line or curve on a graph that moves upward as it goes from left to right, indicating a positive relationship between two variables.

Negatively Sloped

Refers to a downward inclination of a line or curve on a graph, indicating an inverse relationship between two variables.

Total Surplus

The total net benefit to society from the production and consumption of a good, equal to the sum of consumer surplus and producer surplus.