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Choose whether each scenario demonstrates equilibrium, excess supply, or excess demand.

The price of a product has dropped greatly, and store owners do not have enough of the item to meet demand.


Demand for a new truck is beginning to increase, but car dealerships still have too many of these trucks on their lots.


The price for a popular holiday toy has risen too high, and consumers are not purchasing items in stock in stores.

User Slimboy
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1 Answer

5 votes

Answer:

Shortage

Surplus

Surplus

Step-by-step explanation:

User Cyberboxster
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