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quantity supplied is less than quantity demanded
Izaiah Smith
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What is the difference between scarcity and a shortage?
A shortage can be temporary or long-term, but scarcity always exists.
What happens to price when a shortage exists?
Consumers bid up the price.
A market shortage exists when .?
quantity supplied is less than quantity demanded
Market clearing price?
The price that exists when a market is clear of shortage and surplus, or is in equilibrium.
If many people want to buy a product but not enough of product exists what is that called?
That is called a shortage of the product. A shortage happens whenever the demand (number of people wanting a product) is greater than the supply (quantity of available product).
What is the difference between scarcity and a shortage?
A shortage can be temporary or long-term, but scarcity always exists.
The shortage of electrons exists at the blank termnal of a dry cell?
The shortage of electrons exists at the positive terminal of a dry cell. The function of the negative terminal is to pick up the electrons.
What happens to price when a shortage exists?
Consumers bid up the price.
A market shortage exists when .?
quantity supplied is less than quantity demanded
Market clearing price?
The price that exists when a market is clear of shortage and surplus, or is in equilibrium.
If many people want to buy a product but not enough of product exists what is that called?
That is called a shortage of the product. A shortage happens whenever the demand (number of people wanting a product) is greater than the supply (quantity of available product).
What is a shortage of food mean?
Food shortage is when there is not enough food. When the amount you have does not equal or exceed the amount that you need, you have a shortage. In this case, the shortage is of food.
Does scacity means shortage?
Scarcity means shortage.
What is the shortage of in the body is called?
Deficiency is a shortage in a body.
Why is there a shortage of 22 ammo?
Why is there a shortage of .22 ammunition?
Shortage in a sentence?
You can use the word shortage in the following sentence. There was a shortage of staff members at work this whole week.
What happen if you have shortage of adrenaline?
shortage of adrinalin can cause diabetes..
