Suppose that the quantity of cars demanded exceeds the quantity of cars supplied.We would expect that

Name: Suppose that the quantity of cars demanded exceeds the quantity of cars supplied.We would expect that
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When the quantity of cars demanded exceeds the quantity of cars supplied, there is a shortage of cars in the market. This increases the competition among buyers, and they bid up the prices. Therefore, the price of cars will increase in response to the excess demand.

Suppose That the Quantity of Cars Demanded Exceeds the Quantity