which explains the connection between the law of demand and excess demand?\no the law states that decreases…

which explains the connection between the law of demand and excess demand?\no the law states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand.\no the law states that increases in price increases leads to greater quantity demanded and limited supply, which occurs during excess demand.\no the law states that decreases in price leads to greater supply and equilibrium, which occurs during excess demand.\no the 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?\no the law states that decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand.\no the law states that increases in price increases leads to greater quantity demanded and limited supply, which occurs during excess demand.\no the law states that decreases in price leads to greater supply and equilibrium, which occurs during excess demand.\no the law states that increases in price leads to greater supply and equilibrium, which occurs during excess demand.

Answer

Brief Explanations:

The law of demand states an inverse relationship between price and quantity demanded. When price decreases, quantity demanded increases. Excess demand occurs when quantity demanded is greater than quantity supplied at a given price. So, decreases in price lead to greater quantity demanded and can result in limited supply (excess demand).

Answer:

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