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  5. In the figure above,...

In the figure above, YZ represents 

Economics
WAEC 2020

In the figure above, YZ represents 

  • A. excess demand
  • B. excess supply
  • C. equilibrium quantity
  • D. equilibrium price
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Correct Answer: Option B
Explanation

Demand and supply were at equilibrium at points P\(_{2}\) and q\(_{2}\). At point YZ, supply is in excess

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