Question

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

The lo states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess
comand
The law states that increases in price increases leads to greater quantity demanded and limited supply, which occurs
during excess demand
The law states that decreases in price leads to greater supply and equilibrium, which occurs during excess demand.
The law states that increases in price leads to greater supply and equilibrium, which occurs during excess demand.

Answer 1

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the correct answer is A (The law states that price decreases lead to greater demand and limited supply, which occur during excess demand.)

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Step-by-step explanation:

Answer 2

The Correct Answer is A).

Step-by-step explanation:

• The law of demand explains that conditions should be equal, as the price of a product rise, the demand for the quantity is less; Vice Versa, as the price of a product decline, demand for the quantity increases.
• The excess stock makes the price fall and quantity demanded to rise.
• A reduction in supply will make an increase in the balance price and a decrease in the equilibrium amount of a good. Excess demand makes the price rise and quantity demanded decreases.