Write your comment of the statement in a sentence or two:In case of ex – InterviewSolution

1.	Write your comment of the statement in a sentence or two:In case of excess demand, equilibrium price must rise.
Answer» No. In case of excess demand, market price is less than equilibrium price. Excess demand will push the market price back to its equilibrium level. i.e., equilibrium price is restored in the economy.

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