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Allisa [31]
2 years ago
9

The graph shows excess demand. Which explains why the price indicated by p2 on the graph is lower than the equilibrium price?

History
2 answers:
monitta2 years ago
8 0

Answer:

Option A - As prices fall, quantity demanded goes up

Explanation:

bazaltina [42]2 years ago
3 0

When prices go down, the demand of the good goes up because people want to buy the good at a lower price than beforehand.

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Explanation:

This isn't an explanation but i am not too confident with this answer, this is my first AP class and i am still learning, i hope this helps someone, thank you:)

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