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laila [671]
4 years ago
11

Explain why shortages and surplus are not temporary when price controls are used?

Social Studies
1 answer:
Alexus [3.1K]4 years ago
4 0

Market Surpluses & Market Shortages. When this occurs there is either excess supply or excess demand. A Market Surplus occurs when there is excess supply- that is quantity supplied is greater than quantity demanded.

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