[Answer] The graph shows excess demand.Which explains why the price indicated by p2 on the graph is lower than the equilibrium price?

Answer: as prices fall demand goes up

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The graph shows excess demand.Which explains why the price indicated by p2 on the graph is lower than the equilibrium price? The graph shows a point of equilibrium . ... The graph shows excess demand. Which explains why the price indicated by p2 on the graph is lower than the equilibrium price ? as prices fall demand goes up; Subjects. Arts and Humanities. Languages. Math. The graph shows excess demand. Which explains why the price indicated by p2 on the graph is lower than the equilibrium price ? As prices fall demand goes up. The graph shows a point of equilibrium . If supply for a product is high but demand is low what most likely needs to happen to achieve equilibrium ? ... Check all that apply. 1- Supply and demand meet at a specific price . 2- Supply is slightly greater than demand . 3- Supply and demand meet at a specific quantity. 4- Supply and demand meet at a demand point . 5- Supply and demand meet at a supply point. Thu Sep 29 2016 · Which explains why the price indicated by p2 on the graph is lower than the equilibrium price ? As prices fall demand goes up. As prices fall demand goes down. The price of the product must go down. Which explains why the price indicated by p2 on the graph is lower than the equilibrium price? As prices fall demand goes up. Which explains why the price indicated by p2 on the graph is lower than the equilibrium price ? As ...

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