Which of the following statements about shortages and surpluses are accurate? Select all that apply.

Social Studies

1 answer:

Mandarinka [93]2 years ago

3 0

Answer:

Option B about shortage is correct &

Option C about surplus is correct

Explanation:

Why "B" because if the price is less than the equilibrium price, then people will buy the products more and it also states the demand for it is greater than the equilibrium quantity leaving a shortage (less number of the quantity actually wanted)

Why "C" because if the price is more than the equilibrium price, then people will buy the products less and it also states the demand for it is less than the equilibrium quantity leaving a surplus (an excess number of the quantity actually wanted will be left)

Brainliest will be appreciated

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