Social Sciences, asked by PrathamAryan8785, 1 year ago

What are the problems of excessive revenue demand

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Answered by MrPrinceX

Excess supply causes the price to fall and quantity demanded to increase. b. An dcrease in supply will cause an increase in the equilibrium price and a decrease in the equilibrium quantity of a good. ... Excess demand causes the price to rise and quantity demanded to decrease.

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