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Excess Demand Is the Same Thing as

Question 1

Multiple Choice

Excess demand is the same thing as


A) the area to the left of the equilibrium price on a supply and demand diagram.
B) quantity demanded exceeding quantity supplied.
C) quantity supplied exceeding quantity demanded.
D) excess supply.
E) the area to the right of the equilibrium price on a supply and demand diagram.

Correct Answer:

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