if the price is [...]its equilibrium level, the quantity willingly supplied exceeds the quantity consumers are willing to purchase, and we have excess supply
if the price is [...]its equilibrium level, the quantity willingly supplied exceeds the quantity consumers are willing to purchase, and we have excess supply
if the price is [...]its equilibrium level, the quantity willingly supplied exceeds the quantity consumers are willing to purchase, and we have excess supply
Answer
above
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Parent (intermediate) annotation
Open it if the price is above its equilibrium level, the quantity willingly supplied exceeds the quantity consumers are willing to purchase, and we have excess supply
Original toplevel document (pdf)
owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p15
Summary
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not learned
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37% [default]
last interval [days]
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