Question: If excess demand exists within a market ______.A.the quantity demanded exceeds quantity supplied and the price must decrease to reach the point of market equilibrium

  • If excess demand exists within a market ______.A.the quantity demanded exceeds quantity supplied and the price must decrease to reach the point of market equilibrium
  • B.the quantity supplied exceeds the quantity demanded and price must increase to reach the point of market equilibrium
  • C.the quantity supplied exceeds the quantity demanded and price must decrease to reach the point of market equilibrium
  • D.the quantity demanded exceeds quantity supplied and the price must increase to reach the point of market equilibrium

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