Macroeconomics testbank - Study guides, Class notes & Summaries

Econ 101 Final Exam | latest full testbank with complete solution In a competitive market, excess demand for a good exists whenever....? a. resources are scarce b. the current price is below the equilibrium price c. the current price is above the equilibrium price d. sellers are subject to the constraints imposed by input prices and technology e. the quantity supplied at the current price exceeds the quantity demanded - b. the current price is below the equilibrium price Which of the fo...

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