Economy, asked by saraojyoti229, 6 months ago

when there is excess dem,and in the ecomony price level tends to,​

Answers

Answered by padmamaloth1986
1

Answer:

This excess demand of 6 units will increase competition among the buyers; consequently, the buyers will tend to buy output at higher price (due to the competition), which as a result will increase the market price.

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