Step-by-Step Lesson

Learn: Excess Demand and Excess Supply on Diagrams

Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)

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Steps in this lesson (11)

1
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Match the items on the left with their correct pairs on the right

2
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3
Multiple ChoiceInteractive

What typically causes excess demand?

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4
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5
Multiple ChoiceInteractive

What happens when there is excess supply in a market?

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6
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7
Fill in the BlankInteractive

Excess supply occurs when the {{blank0}} curve is higher than the {{blank1}} curve above equilibrium price.

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8
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9
MatchingInteractive

Match the items on the left with their correct pairs on the right

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10
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Match the items on the left with their correct pairs on the right

11
Multi-SelectInteractive

Which of the following statements about excess demand and supply are true? (Select all that apply)

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