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

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1 year ago

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he quantity supplied c.) market is in equilibrium d.) reservation price is not met

1 answer:

worty [1.4K] · Answer 1 · 2024-08-08T08:19:57+03:00

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.

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