If we say that a price is too high to clear the market, we mean that

Name: If we say that a price is too high to clear the market, we mean that
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the price is too high to clear the market, it means that there is excess supply, meaning that quantity supplied exceeds quantity demanded. This indicates that producers are producing more than what consumers are willing to buy at that particular price level. As a result, suppliers will have to decrease the price to increase demand and clear the market.

If We Say That a Price Is Too High to Clear