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aleksandr82 [10.1K]
3 years ago
5

In a market economy, what impact can a product shortage have

History
1 answer:
IRINA_888 [86]3 years ago
7 0

Answer:

A market <u>shortage</u>, in accordance with a supply and demand chart, <u>drives up the price</u> due to the fact that the demand would be higher than the supply.

During a product <u>surplus, </u>the price will go down because the supply is higher than the demand.

Explanation:

Hope this helps.

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