If a(n) _______ exists, consumers who are unhappy about not being able to purchase the products or services they want will tend

Question

swat32

3 years ago

8

If a(n) _______ exists, consumers who are unhappy about not being able to purchase the products or services they want will tend

to bid the prices higher, moving the market toward equilibrium.

Business

1 answer:

larisa86 [58] · Answer 1 · 2022-12-04T19:46:00+03:00

Some goods are not readily available at the market, If a shortage exists, consumers are unhappy.

<h3>What is market shortage?</h3>

Shortage occurs when the demand for a product or service exceeds the available supply. This can make the consumer go for alternatives or buy at a higher price.

Therefore, If a shortage exists, consumers who are unhappy about not being able to purchase the products or services they want will tend to bid the prices higher, moving the market toward equilibrium.

Learn more on market shortage from

brainly.com/question/7068977