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VladimirAG [237]
4 years ago
9

Which explains the connection between the law of demand and excess demand?

Law
2 answers:
abruzzese [7]4 years ago
7 0

Answer:

The Correct Answer is A).

Explanation:

  • The law of demand explains that conditions should be equal, as the price of a product rise, the demand for the quantity is less; Vice Versa, as the price of a product decline, demand for the quantity increases.
  • The excess stock makes the price fall and quantity demanded to rise.
  • A reduction in supply will make an increase in the balance price and a decrease in the equilibrium amount of a good. Excess demand makes the price rise and quantity demanded decreases.

VARVARA [1.3K]4 years ago
3 0

Answer:

heyyyyyooooooooooooooooo!!!

the correct answer is A (The law states that price decreases lead to greater demand and limited supply, which occur during excess demand.)

hope this helps!!!

Explanation:

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