![Imagine that there is an excess supply in the market for bonds. Draw supply and demand graphs for bonds and explain whether the bond price is above or below the equilibrium. Also, Imagine that there is an excess supply in the market for bonds. Draw supply and demand graphs for bonds and explain whether the bond price is above or below the equilibrium. Also,](https://homework.study.com/cimages/multimages/16/deepanshi23599694255580346857.jpg)
Imagine that there is an excess supply in the market for bonds. Draw supply and demand graphs for bonds and explain whether the bond price is above or below the equilibrium. Also,
![At a given price there is excess demand a good. Explain how the equilibrium price will be reached. Use diagram. At a given price there is excess demand a good. Explain how the equilibrium price will be reached. Use diagram.](https://meritnation-question-images.s3.ap-southeast-1.amazonaws.com/toppr_ext/questions/1097853_958812_ans_22e17f25215c4a939b61fc410631f508.png)
At a given price there is excess demand a good. Explain how the equilibrium price will be reached. Use diagram.
![The free market: showing market equilibrium, excess supply, and excess... | Download Scientific Diagram The free market: showing market equilibrium, excess supply, and excess... | Download Scientific Diagram](https://www.researchgate.net/publication/344299824/figure/fig1/AS:937111620423693@1600436229459/The-free-market-showing-market-equilibrium-excess-supply-and-excess-demand.jpg)