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slega [8]
3 years ago
11

If a price is below the equilibrium price it creates a...

Social Studies
1 answer:
Margarita [4]3 years ago
6 0

Answer: Shortage

Explanation:

The equilibrium price is the price at which the demand for a particular product and its supply is equal.

When the price of a good is below the equilibrium price for that good, this will more people demanding the good which will therefore lead to a situation where the quantity demanded is less than the quantity that is supplied. This leads to a situation called shortage.

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