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

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asked Dec 23, 2020 209k views

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

Business
middle-school

Mirabilos asked

by Mirabilos

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The law of demand says that when prices fall, demand rises. If demand rises too much and the market cannot meet all of the demand, then it is excess demand.

Jonalogy answered Dec 28, 2020

by Jonalogy

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