Question

When quantity supplied of a commodity is more than its quantity demanded, the
most common outcome is competition among?
(a) Buyers leading to rise in price
(b) Sellers leading to fall in price
(c) Buyers leading to Tall in price
(d) Sellers leading to rise in price.

Answer 1

Answer:

Explanation:

Economists call this an “excess demand” – the quantity demanded is greater than the quantity supplied at the given price. This is also called a shortage. Now, sellers don't like the idea of $1.00 per week at all.

Answer 2

That is excess demand ok dear.