Question 20
MediumOriginal questionWhich of these is most likely to be seen when there is excess demand?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
Buyers want more than can be produced, so goods run short and prices are bid up.
- Concept
- Signs of excess demand
- Typical timeTypical
- 70 s
- Your timeYours
- —
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