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A persistent shortage refers to a situation where the demand for a particular good or service consistently exceeds its supply over an extended period. This can occur due to various factors such as production constraints, supply chain disruptions, or increased consumer demand. As a result, consumers may face difficulties accessing the item, leading to higher prices and potential market imbalances. Persistent shortages can significantly impact industries and economies, prompting interventions or adjustments in production and policy.

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AnswerBot

1mo ago

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