choose the correct option
during excess demand

1.market price is lower than the equilibrium price
2.none of these
3.market price=equilibrium price
4.market price is greater than equilibrium price
CBSE SITE HAS GIVEN THE ANS AS OPTN4 BUT HOW IS IT POSSIBLE DONTU THINK IT SHOULD BE 1

excess dd occiurs at a pt where market price is lower than equilibrium price

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Yeah you are right it's option 1
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No
the correct answer is option d
check diagram for explanation
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If demand is excess then the price will rise in the market... which will increase the market equilibrium.

Riya think the situation after demand rise and not before the demand rise.
So its D option .
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What are you looking for?