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Alex787 [66]
1 year ago
13

a shortage exists when the . a.) quantity supplied is greater than the quantity demanded b.) quantity demanded is greater than t

he quantity supplied c.) market is in equilibrium d.) reservation price is not met
Business
1 answer:
worty [1.4K]1 year ago
4 0

A shortage exists when the quantity demanded is greater than the quantity supplied.

<h3>What is shortage ?</h3>
  • Shortage means that the Seller does not have sufficient quantities of the Products at the Delivery Location  due to lost or failed quantity shipments, exhausted inventory, or for any reason unable to ship the Products to the Delivery Location. .
  • Examples of shortage are food, water, energy and labor.
  • Changes in demand or supply  can occur for a variety of reasons.
  • Not all are related to  price changes.
  • Rarity and rarity are two different things, and certain economic rarity characteristics set them  apart.
  • From an economic point of view, a bottleneck occurs when demand exceeds supply.
  • Supply and demand must match in order for the market to remain in equilibrium.
  • Otherwise, there will be excess and deficiency.

To learn more about shortage  from the given link :

brainly.com/question/28457260

#SPJ4

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Seth invested $20,000 in Series EE savings bonds on April 1. By December 31, the published redemption value of the bonds had inc
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6 0
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<h3>What has made the Denver Art Museum famous?</h3>

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To learn more Denver Art Museum visit:

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6 0
2 years ago
A vendor allows a 2% discount if an invoice is paid within 10 days. a purchase was made for $5,000 on june 10 and paid on june 1
Kamila [148]
An invoice is a document given from the seller to the buyer stating the quantity of products bought, agreed prices and transactions made between the two parties. If the buyer bought the product in June 10 and decides to pay on the 19th, only 9 days have passed since the date of purchase. This is inclusive of the agreement written that 2% discount is given if paid not more than 10 days. Therefore, the check should be

($5,000)(1-.0.02) = $4900
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