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Business, 11.09.2019 00:30 yani2568

In a market with an upward sloping supply curve and a downward sloping demand curve, when there is an excess supply, the actual price must be higher than the equilibrium price. the actual price must be lower than the equilibrium price. the quantity demanded is higher than the equilibrium quantity.

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In a market with an upward sloping supply curve and a downward sloping demand curve, when there is a...
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