The gap between demand and supply curves above the equili...
The gap between demand and supply curves above the equilibrium price is
Normal demand
Excess supply
Equilibrium quantity
Abnormal demand
Correct answer is B
If the market price is above the equilibrium price, the quantity supplied is greater than the quantity demanded, creating a surplus supply.
Public expenditure can be financed from all the following sources except the ...
An increase in cash ratio by the central bank will_______ ...
The theory of absolute advantage was propounded by ...
Which of the following is true under rapid inflation? People ...
A society that is on its production possibility curve ...
Population growth can be controlled by all the following except ...