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3. What market condition exists when quantity demanded is greater than quantity supplied? Storage 4. What happens to price when the market condition in question 3 exists?
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3. What market condition exists when quantity demanded is greater than quantity supplied?

Storage

4. What happens to price when the market condition in question 3 exists?

User Luca Ferraro
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1 Answer

3 votes

Answer:

3. excess demand 4. increases

Step-by-step explanation:

shortage or excess demand increases prices until demand at that price matches the available supply establishing market equilibrium

User Dcarson
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