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If the quantity demanded of a commodity in the market exceeds the quantity
Economics
Market Mechanism: Equilibrium Price and Quantity in a Competitive Market
Question
Updated
19 Aug 2026
If the quantity demanded of a commodity in the market exceeds the quantity supplied at a particular price, such a situation is known as ______.
A
Choose Your Answer
A
excess demand
B
excess supply
C
equilibrium level of output
D
none of these
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