EQUILIBRIUM, EXCESS SUPPLY AND EXCESS DEMAND

Effects Of Change In Demand And Supply On Market Equilibrium

Price Determination|Excess Demand|Excess Supply

Price Determination|Excess Demand|Excess Supply

Read the table and answer the questions The following table gives demand and supply of sugar in million tons, for the period 2007, to 2012 . Surplus is defined as excess of supply over demand The surplus of sugar was lowest for the year

Direction :- Read the table and answer the questions.The following table gives demand and supply of sugar in million tonnes, for the period 2007 to 2012.Surplus is defined as excess of supply over demand. In how many years, the supply (in million tonnes) of sugar was more than average supply for 2007 to 2012?