choose the correct optionduring excess demand 1.market price is lower than the equilibrium price2.none of these3.market price=equilibrium price4.market price is greater than equilibrium priceCBSE SITE HAS GIVEN THE ANS AS OPTN4 BUT HOW IS IT POSSIBLE DONTU THINK IT SHOULD BE 1 Share with your friends Share 0 Riya answered this excess dd occiurs at a pt where market price is lower than equilibrium price 1 View Full Answer Abcd answered this Yeah you are right it's option 1 0 Divesh answered this No the correct answer is option d check diagram for explanation 0 Mariya answered this 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 . 0
