not a mopar but a vintage car !!! need your advice guys !

Ya, it sucks to diagnose a pre 96 car. In 96 domestic and imports all went to OBD 2. Prior to that they were all doing there own thing. Even My $1200 Matco scan tool will only do domestic OBD1 and of course all OBD2. I would think Volvo dealer should be able to scan it. Im not familiar with volvo but I would start with whatever type of air idle control is used. Doubt its mass air and sure its not an O2. I had a temp sensor bad on an OBD1 Infinity. It didnt idle high but ran sooo rich it smoked black and soaked the plugs in just a few miles. I wouldnt throw parts at it. Most sensors can all be checked with a multimeter. You'll just need to check that there within there operating range. Got a book for it?

^This and only a hand full of things could cause high idle. As noted above sensors can, but have you checked for vacuum leaks? Turbo cars have extra intake connections especially if it has an inter-cooler.