Excess demand leads to a: A) surplus and rising prices. B) shortage and rising prices. C)...

Excess demand leads to a:

A) surplus and rising prices.

B) shortage and rising prices.

C) surplus and falling prices.

D) shortage and falling prices.

Expert Solution

So, excess demand leads to shortage and rising prices.

Hence, the correct answer is the option B

Rahul Sunny answered 7 months ago

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