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    Principles of Macroeconomics Study Set 11
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    Exam 3: Demand, Supply, and Market Equilibrium
  5. Question
    Explain How Price Adjusts to Eliminate Excess Demand
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Explain How Price Adjusts to Eliminate Excess Demand

Question 15

Question 15

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Explain how price adjusts to eliminate excess demand.

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When there is excess demand, quantity de...

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