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lina2011 [118]
4 years ago
6

Which of the following occurs in a market place

Social Studies
1 answer:
melamori03 [73]4 years ago
8 0

A Market Surplus occurs when there is excess supply- that is quantity supplied is greater than quantity demanded. ... In this situation, excess supply has exerted downward pressure on the price of the product. A Market Shortage occurs when there is excess demand- that is quantity demanded is greater than quantity supplied.

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