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Edexcel A-Level Economics AS 1.3.4 1c Operation of Market Forces to Eliminate Excess Demand and Excess Supply Questions

Study excess demand in Pearson Edexcel A Level Economics through shortages, quantity demanded, quantity supplied, market forces and supply-and-demand diagrams.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • Define excess demand as QD greater than QS, identify shortage and show the gap on a diagram.
  • Apply stockpiling context to explain how demand can exceed supply at a given price.

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