There is an excess demand in a market for a product when rev: 05_07_2018 Multiple Choice quantity
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Question:
There is an excess demand in a market for a product when
rev: 05_07_2018
Multiple Choice
quantity demanded is greater than quantity supplied.
the current price is higher than the equilibrium price.
quantity demanded is less than quantity supplied.
supply is less than demand.
Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
Posted Date: