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WITCHER [35]
4 years ago
6

Where on a graph is surplus and shortage located in relation to X

Social Studies
1 answer:
Setler [38]4 years ago
4 0
If the market price is above the equilibrium price, quantity supplied is greater than quantity demanded, creating a surplus. Market price will fall. If the market price is below the equilibrium price, quantity supplied is less than quantity demanded, creating a shortage. The market is not clear. It is in shortage. Market price will rise because of this shortage. Hope this helps?
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