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प्रश्न
When do we say that there is an excess demand for a commodity in the market?
टीपा लिहा
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उत्तर
When the market demand exceeds the market supply at a particular price, then the situation that arises is excess demand. In other words, if at any price, the producers are willing to supply comparatively less than what is demanded by all the consumers in the market, then we face the situation of excess demand.
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