Which explains the connection between the law of demand and excess demand?
the law states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess
demand
the law states that increases in price increases leads to greater quantity demanded and limited supply which occurs
during excess demand
the law states that decreases in price leads to greater supply and equilibrium which occurs during excess demand
the law states that increases in price leads to greater supply and equilibrium which occurs during excess demand
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Answers

The law states that price decreases lead to greater demand and limited supply, which occur during excess demand. -Supply and demand meet at a specific price. -Supply and demand meet at a specific quantity.

the answer is A

on edgeunity

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Answer The law states that increases in price increases leads to greater quantity demanded and limited supply, which occurs. ... The law states that decreases in price leads to greater supply and equilibrium, which occurs during excess demand.Explanation:

A) The law states that price decreases lead to greater demand and limited supply, which occur during excess demand.

2)The law states that increases in price increases leads to greater quantity demanded and limited supply, which occurs during excess demand.

The correct answer is A on Edg

Explanation:you are welcome

The connection between the law of demand and excess demand is explained as the law states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand.

Explanation:

Law of demand: It states that the price and quantity demand of a product or service are inversely related to each other. The demand for the good is reduced, when the price of the same good is increased.

Excess demand: The situation of excess demand arises when the quantity of the product demanded is more than the quantity of the product supplied. As the demand of the product increases, the market price of the product is also increased.

The connection between the law of demand and excess demand is explained as the law states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand.

Explanation:

Law of demand: It states that the price and quantity demand of a product or service are inversely related to each other. The demand for the good is reduced, when the price of the same good is increased.

Excess demand: The situation of excess demand arises when the quantity of the product demanded is more than the quantity of the product supplied. As the demand of the product increases, the market price of the product is also increased.



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