which explains the connection between the law of demand and excess demand?\nthe law states that decreases in…

which explains the connection between the law of demand and excess demand?\nthe law states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand.\nthe law states that increases in price increases leads to greater quantity demanded and limited supply, which occurs during excess demand.\nthe law states that decreases in price leads to greater supply and equilibrium, which occurs during excess demand.\nthe law states that increases in price leads to greater supply and equilibrium, which occurs during excess demand.

which explains the connection between the law of demand and excess demand?\nthe law states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand.\nthe law states that increases in price increases leads to greater quantity demanded and limited supply, which occurs during excess demand.\nthe law states that decreases in price leads to greater supply and equilibrium, which occurs during excess demand.\nthe law states that increases in price leads to greater supply and equilibrium, which occurs during excess demand.

Answer

Answer:

The law states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand.

Brief Explanations:

The law of demand says price and quantity demanded are inversely related. In excess - demand situations, price drops, quantity demanded rises while supply is limited.