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ME
Question Practice

In the context of market equilibrium, what does 'excess demand' mean?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Market Equilibrium
Question Bank

In the context of market equil...

Single Answer MCQ
Q-00089609

In the context of market equilibrium, what does 'excess demand' mean?

1

More goods are supplied than demanded

2

Consumers want to buy more than what is available

3

Producers are left with unsold goods

4

Demand equals supply

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What is market equilibrium?

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Q2.

When does excess demand occur in a market?

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Q3.

What occurs at a price above the equilibrium price?

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Q4.

What is the equilibrium price in a perfectly competitive market?

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