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3.1 Demand, supply, and equilibrium in markets for goods and  (Page 25/36)

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  • Card 25 / 36:
    excess demand

    at the existing price, the quantity demanded exceeds the quantity supplied; also called a shortage

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Practice FlashCards 14 Key Terms 18

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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