Excess demand occurs:
A. when price is above the equilibrium price.
B. whenever the market is in equilibrium.
C. when price is below the equilibrium price.
D. whenever the market is not in equilibrium.
Answer: C
Economics
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Per capita GDP is simply GDP divided by
A) the population. B) the price level. C) the inflation rate. D) the consumer price index. E) none of the above.
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