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mina [271]
4 years ago
6

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

Social Studies
2 answers:
Allisa [31]4 years ago
6 0

The decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand.

Supply and demand are two of the most important factors in the economy, as they identify the elements within a consumption relationship. When an item is traded, there are always two economic agents involved: one that buys and the other that sells, which are, respectively, the plaintiff and the offerer.

hodyreva [135]4 years ago
5 0

Answer: The law states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand.

Explanation:

I took the test

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