Economy, asked by kushagra4959, 6 months ago

At PX = RS. 5, demand for good x is 30 units and supply of good x is 20 units it is a situation of ​

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Answered by drijjani50
0

Excess demand is a situation where the demand for a product is more than the supply for the product. In the given question, demand for good X is 30 units and supply for good X is 20 units. Hence, the excess demand is 10 units.

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