Ayushi Asked a Question
June 30, 2020 8:40 pmpts 30 pts
40. Excess demand can be defined as (1) Quanitity supPplied minus quantity demanded (2) (3) (4) Quantity demanded plus quantity suppłied Quantity demanded minus quantity supplied Quantity supplied plus quantity demanded
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  • Harini thankyou
    correct option is (3) as the word excess demand means that demand is more than supply. the value of the quantity demanded minus quantity supply should be positive.
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  • Nidhi taparia
    Excess demand, as the word evidently suggests, is the surplus of Quantity Demanded over and above Quantity Supplied, at any given price. The right answer is hence number (3). Have ...
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