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Edexcel Economics (A) A-level Theme 1 – Introduction to Markets and Market Failure > 1.2.6 Price determination > Flashcards

1.2.6 Price determination Flashcards

1
Q

Excess demand:

A

if price is set below the equilibirum

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2
Q

Excess supply:

A

if price is above below the equilibrium

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Edexcel Economics (A) A-level Theme 1 – Introduction to Markets and Market Failure (18 decks)

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