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24 September, 16:47

Which of the following occurs in a market place

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  1. 24 September, 19:43
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    A Market Surplus occurs when there is excess supply - that is quantity supplied is greater than quantity demanded ... In this situation, excess supply has exerted downward pressure on the price of the product. A Market Shortage occurs when there is excess demand - that is quantity demanded is greater than quantity supplied.
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