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ECS1501 ASSIGNMENT 3 SEMESTER 1 2023

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PREVIEW OF QUESTION 1 1. 1 Reference: Prescribed book PG 189 The opposite occurs when the price of a product is set at too low a level. In this situation, buyers will demand a higher quantity than suppliers are willing to or plan to supply. Excess demand or a shortage will thus be created in th...

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  • June 20, 2023
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ECS1501
ASSIGNMENT 33 SEMESTER
ASSIGNMENT SEMESTER112020
2023
UNIQUE
UNIQUE NUMBER: 706552
NUMBER: 706557

PREVIEW OF QUESTION 1
1. 1 Reference: Prescribed book PG 189

The opposite occurs when the price of a product is set at too low a level. In this situation, buyers will
demand a higher quantity than suppliers are willing to or plan to supply. Excess demand or a
shortage will thus be created in the market.




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