An excess demand in a market implies that
a. the amount demanded is less than the amount supplied
b. price is greater than the equilibrium price
c. a shortage of the good exists
d. a surplus of the good exists
e. the government must implement a price ceiling
C
Economics
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Indicate whether the statement is true or false
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Part of the argument against deficits is that they
a. increase interest rates and investment. b. increase interest rates and decrease investment. c. decrease interest rates and investment. d. decrease interest rates and increase investment.
Economics