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The Following Question Are Based on the Following Diagram

Question 28

Multiple Choice

The following question are based on the following diagram:
The following question are based on the following diagram: -For a market to exhibit excess demand A) supply must exceed demand. B) the equilibrium price must be too high to clear the market. C) the actual price must be below the equilibrium price. D) the demand curve must slope upward. E) the market must be growing.
-For a market to exhibit excess demand


A) supply must exceed demand.
B) the equilibrium price must be too high to clear the market.
C) the actual price must be below the equilibrium price.
D) the demand curve must slope upward.
E) the market must be growing.

Correct Answer:

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