Excess demand for commodity
When do we state that there is an excess demand for a commodity in the market?
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If at a given price, the quantity demanded of a product surpasses its quantity supplied, there is an excess demand for product.
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A monopolist will shut down within the short run while its equilibrium price as: (1) equals short-run average cost. (2) exceeds marginal cost. (3) is less than average variable cost. (4) is less than average fixed cost.
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A monopolist will shut down during the short run when its equilibrium price as: (w) equals short-run average cost. (x) exceeds marginal cost. (y) is less than average variable cost. (z) is less than average fixed cost. Discover Q & A Leading Solution Library Avail More Than 1452488 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1922318 Asked 3,689 Active Tutors 1452488 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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