In a diagram showing equilibrium of demand and supply, Excess supply is found ____________. a. below the equilibrium point b. above the equilibrium point c. all of these d. on the equilibrium

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Q: In a diagram showing equilibrium of demand and supply, Excess supply is found ____________. a. below…

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A: Old demand: Qd = 180 – 2P New demand: Qd = 190 – 2P P=$72

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A: 12. When a producer moves down on the supply curve, it is called - b. Decrease of supply

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Q: $17.00 $16.00 $15.00 $14.00 $13.00 $12.00 $11.00 $10.00 $9.00 S8.00 +Demand 57 00 56 00 $500 $4.00…

A: The equilibrium is at Demand = supplywherea.price from the y axis is:P=11