elafdavidorpkex elafdavidorpkex

06-03-2018
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The graph shows excess demand. Which explains why the price indicated by p2 on the graph is lower than the equilibrium price?

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sbcardinals sbcardinals

18-08-2019

When prices go down, the demand of the good goes up because people want to buy the good at a lower price than beforehand.

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mackenziecaruso mackenziecaruso

08-02-2020

Answer:

Option A - As prices fall, quantity demanded goes up

Explanation:

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