Question

class 12 economic

@enlist the difference between excess demand and deficient demand​

Answer 1

Explanation:

Deficient demand refers to a situation when aggregate demand (AD) is less than the aggregate supply (AS) corresponding to full employment level of output in the economy whereas Excess demand refers to a situation in which aggregate demand is in excess of aggregate supply at full employment level in the economy.

Answer 2

Answer:

$\huge\sf\pink{Answer}$

Deficient demand refers to a situation when aggregate demand (AD) is less than the aggregate supply (AS) corresponding to full employment level of output in the economy whereas Excess demand refers to a situation in which aggregate demand is in excess of aggregate supply at full employment level in the economy.

Hope it helps you.. :)