quantity supplied is less than quantity demanded
A shortage can be temporary or long-term, but scarcity always exists.
Consumers bid up the price.
quantity supplied is less than quantity demanded
The price that exists when a market is clear of shortage and surplus, or is in equilibrium.
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).
A shortage can be temporary or long-term, but scarcity always exists.
Consumers bid up the price.
The shortage of electrons exists at the positive terminal of a dry cell. These positive terminals attract electrons, creating a flow of current from the negative terminal to the positive terminal through an external circuit.
quantity supplied is less than quantity demanded
The price that exists when a market is clear of shortage and surplus, or is in equilibrium.
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).
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.
There is no shortage of people in need of help.
Scarcity means shortage.
Deficiency is a shortage in a body.
Why is there a shortage of .22 ammunition?
You can use the word shortage in the following sentence. There was a shortage of staff members at work this whole week.