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PilotLPTM [1.2K]
3 years ago
12

Shortage is _____.

Business
2 answers:
Rainbow [258]3 years ago
7 0

Answer:

C. a situation in which quantity demanded is greater than quantity supplied

Explanation:

I just got 100% on this test

GradPoint

viktelen [127]3 years ago
3 0
Correct answer: "<span>C. a situation in which quantity demanded is greater than quantity supplied"

Shortage is also referred to as excess demand - meaning that there is a greater demand than what there is to give. The opposite concept would be economic surplus.
</span>Example: when the need for food in a certain village is greater than what is supplied or produced in that village, there a shortage of food. 
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