Ring deficient demand ........

Economics- Phase (I & II) Demand and Supply , Market Structures

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Ring deficient demand

Market price remains the same

Market price rise

Market price falls below the equilibrium price

Market price fall

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Explanation:

Deficient demand refers to the situation when aggregate demand (AD) is less than the aggregate supply (AS) corresponding to full employment level of output in the economy. The situation of deficient demand arises when planned aggregate expenditure falls short of aggregate supply at the full employment level.