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  3. Study Set
    Economics An Introduction
  4. Exam
    Exam 27: Simple Analytics of Supply and Demand
  5. Question
    Understand and Describe What Happens When a Market Is Not
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Understand and Describe What Happens When a Market Is Not

Question 31

Question 31

Essay

Understand and describe what happens when a market is not in equilibrium.
-Use supply and demand to explain excess supply. What might cause excess supply? Describe the process that eliminates excess supply.

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