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Answer to Question #133514 in Economics of Enterprise for Trey Williams
Question #133514
At prices below the equilibrium price, the quantity demanded is ____ than the quantity suplied, and there is a(n)____ on the price.
Expert's answer
At prices below the equilibrium price, the quantity demanded is HIGHER than the quantity supplied, and there is an UPWARD pressure on the price.
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#340153 on Dec 2023
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