Use the following to answer questions:
Figure: Supply, Demand, and Equilibrium
-(Figure: Supply, Demand, and Equilibrium) Look at the figure Supply, Demand, and Equilibrium. In the figure, there will be excess demand for the good at a price of P₃.

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Use the following to answer questions:
Figure: Supply, Demand, and Equilibrium

-(Figure: Supply, Demand, and Equilibrium) Look at the figure Supply, Demand, and Equilibrium. In the figure, there will be excess demand for the good at a price of P₃.

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The Answer of Use the following to answer questions: Figure: Supply, Demand, and Equilibrium -(Figure: Supply, Demand, and Equilibrium) Look at the figure Supply, Demand, and Equilibrium. In the figure, there will be excess demand for the good at a price of P₃.

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