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Oksanka [162]
3 years ago
7

What is it called when quantity demand is more than quantity supplied

Law
1 answer:
Leya [2.2K]3 years ago
4 0
Excess Demand: the quantity demanded is greater than the quantity supplied at the given price. This is also called a shortage. Excess Supply: the quantity demanded is less than the quantity supplied at the given price. This is also called a surplus.
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