Question: Excess demand exists when Select one: O a. quantity demanded does not equal supply. O b. demand is rising. O c. price is below

Excess demand exists when Select one: O a. quantity demanded does not 

Excess demand exists when Select one: O a. quantity demanded does not equal supply. O b. demand is rising. O c. price is below the equilibrium price. O d. market prices are very low.

Step by Step Solution

3.39 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Answer is C When the price is below the equilibrium price W... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!