Economy, asked by tuden2448, 10 months ago

If the prevailing price in the market is higher than its equilibrium price, how would producers of the commodity react? What will be the market situation?

Answers

Answered by tanu2418

Answer:

Market demand is the demand for a commodity in the market. It is the sum total of individuals demand by all buyers of the commodity in the market. Similar to demand curve, a market demand curve also slopes downwards due to the operation of the law of demand.

Explanation:

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