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A shortage occurs when the demand for a product exceeds its supply at a given price. For example, if a new smartphone is released and the manufacturer only produces a limited number of units, leading to long lines and many customers unable to purchase it, this situation represents a shortage. The high demand coupled with insufficient supply results in consumers not being able to buy the product at the current price.
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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 is meant by the term shortage?
The term "shortage" is used to describe a situation where there is a lack of something. For example, during a drought, the newspapers would report this as a "water shortage".
What is an example of a shortage that has a limited amount of?
Food available because the items are sold out
What is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
Which of the following accurately describes the effect of a situation of scarcity?
Theres a shortage of oil, pushing car companies into researching alternative fuels
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 is meant by the term shortage?
The term "shortage" is used to describe a situation where there is a lack of something. For example, during a drought, the newspapers would report this as a "water shortage".
An example of a shortage is limitted amounts of?
An example of a shortage is limited amounts of food available because the trucks carrying it are on strike. What is an example of a shortage? The resources used to make all goods and services are called the factors of production. ... To show alternative ways to use an economy's resources.
An example of a shortage is limited amounts of?
An example of a shortage is limited amounts of food available because the trucks carrying it are on strike. What is an example of a shortage? The resources used to make all goods and services are called the factors of production. ... To show alternative ways to use an economy's resources.
What are short term measures apart from a price ceiling that the government might use to help alleviate the shortage of wheat?
i need to know some measures to alleviate shortage of wheat example rationing i need to know some measures to alleviate shortage of wheat example rationing
Which of the following is usually the only permissible justification for a dismissal that can be called a layoff?
shortage of work
Which of following is usually the only permissible justification for a dismissal that can be called a layoff?
shortage of work
A shortage of Chinese brides is an example of what effect?
third order affect
What is an example of a shortage that has a limited amount of?
Food available because the items are sold out
What was the result of the land shortage in the British colonies?
There were a number of things that happened as a result of a land shortage in the British colonies. People fought for the land available for example.
What an example and non-example of shortage?
An example of a shortage is when a popular toy, like a trending action figure during the holiday season, is in high demand but the manufacturer cannot produce enough units to meet that demand, resulting in empty store shelves. A non-example of a shortage would be a situation where a product, such as a common household item, is readily available in stores and can be purchased easily without any waiting or price increases.
Is there a shortage in pharmacists?
In Canada, there is currently a huge shortage of pharmacists. For example Memorial University of Newfoundland is planning to increase their pharmacy class size from 40 to 60 do try and meet the demand.
