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A shortage occurs when the demand for a good or service exceeds its supply. This imbalance can be caused by factors such as increased consumer demand, disruptions in production, or supply chain challenges. The effect of a shortage often leads to higher prices, as consumers compete for limited resources, and can result in reduced consumer satisfaction and potential long-term shifts in market behavior. Ultimately, shortages can prompt producers to increase production or innovate to meet demand.
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What is one effect of a price ceiling?
A shortage of supply
What is one effect of price ceiling?
shortage of supply
What will cause a demand of steaks at the supermarket to increase?
beef shortage
What are Negative effects on both surplus and shortage in demand and supply?
A shortage could cause a black market because there is limited amount of supply. It also could cause sellers to discriminate on who gets to buy the limited amount of supply.
What is causes a surplus price ceiling or price floor?
A price floor can cause a surplus while a price ceiling can cause a shortage but not always.
What effect does the electricity shortage have on the western cape?
What effect does the electricity shortage have on the Western Cape?
Effect from shortage rice?
Food shortage and a possible famine in the area.
What happen if you have shortage of adrenaline?
shortage of adrinalin can cause diabetes..
What is one effect of price ceiling?
shortage of supply
What is one effect of a price ceiling?
A shortage of supply
Why did the delta smelt cause a water shortage?
Human activities and drought are some of the factors that caused the Delta Smelt cause a water shortage.
What was the effect of the American Civil War on the world?
A cotton shortage.
A shortage of Chinese brides is an example of what effect?
third order affect
What are the effects of shortage of parking at universities?
It will cause traffic congestion.
What will cause a demand of steaks at the supermarket to increase?
beef shortage
The return of 4.5 million soldiers had what effect?
shortage of jobs and falling wages
Main causes of shortage of cng in Pakistan?
The Main cause of the shortage of cng in Pakistan was the blasting on the gas pipe line in Baluchistan.
