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What will happen if the price …

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What will happen if the price prevailing in the market is 1.above the equilibrium price

    • Posted by Balan Balan 6 years, 11 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Garima Madaan 6 years, 11 months ago

    If the price prevailing in the market is above equilibrium price,demand will be less than supply.It means a situation of excess supply in the market.It means market demand curve and market supply curve intersect each other.

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