Economy, asked by kulsumanwer, 1 month ago

supply on market equilibrium

Answers

Answered by srishtigupta1470

0

Explanation:

The law of supply says that a higher price typically leads to a higher quantity supplied. The equilibrium price and equilibrium quantity occur where the supply and demand curves cross. The equilibrium occurs where the quantity demanded is equal to the quantity supplied. ... Excess demand or a shortage will exist.

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