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What is meant by "Excess Demand" in Marcroeconomics.

+2 votes

asked Dec 5, 2018 in Class 12 by kratos

What is meant by "Excess Demand" in Marcroeconomics.

problems of deficient and excess demand
class-12
cbse

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1 Answer

+5 votes

answered Jun 4, 2020 by kratos

Best answer

When at the full employment level of income AD exceeds AS, the difference is called Excess Demand.

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