According to Walras' Law, what happens when consumers choose a consumption bundle subject to a budget constraint from the initial endowment?
1
The excess demand in markets of the consumption goods will be infinitely large.
2
The excess demand in markets of the consumption goods will be equal to one.
3
The excess demand in markets of the consumption goods will be equal to zero.
4
The excess demand in markets of consumption goods will be negative.
5
Question Not Attempted