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Disequilibrium Graphs With the use of a graph illustrate what a shortage (excess demand) is. With the use of a graph illustrate what a surplus

Disequilibrium

  1. Graphs
  2. With the use of a graph illustrate what a shortage (excess demand) is.
  3. With the use of a graph illustrate what a surplus (excess supply) is.
  4. Explain how surpluses/shortages might become permanent. (In other words, explain what forces might keep the market from establishing an equilibrium.)

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