Quantty Demanted Fon Marke 12 Pice 10 Ying Sem Nam Gob Yam Demand 2. 3. 4. 21 20 29 10 10 10 40 12 11 10 --Market Supply =Market Demand Quarity pte Markat Pece Boom ECatoen Agple Met 14 10 20 30 At a price of $8, more people are willing to sell the good than there are people willing to buy. In a situation of excess supply, some sellers will be unable to find buyers at a price of $10. The sellers unable to find a buyer can make themselves better off by lowering their price and finding a buyer albeit at a lower price.
Excess Demand exists if at a particular
Understanding how the forces of Excess Supply or Excess Demand move a
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