Question: please show work: 4) Assume that the Equilibrium price of Euro where supply equals demand is $1.50/Euro. If the market sets the price at $1.65/Euro

please show work: please show work: 4) Assume that the Equilibrium price of Euro where

4) Assume that the Equilibrium price of Euro where supply equals demand is $1.50/Euro. If the market sets the price at $1.65/Euro instead of the equilibrium price, it will result in an Excess_ _ of Euro a) supply b) demand

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