Economy, asked by gjhhj45llo, 7 months ago

Differentiate between Excess demand and Deficient demand

Answers

Answered by greeshmasaranya983

3

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

I hope it's helpful for you

Answered by punamswara17

0

Answer:

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Explanation:

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