kelsiewebb2003 kelsiewebb2003
  • 22-02-2021
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How does a market shortage occur

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zahilnehan
zahilnehan zahilnehan
  • 22-02-2021

Explanation:

A Market Shortage occurs when there is excess demand- that is quantity demanded is greater than quantity supplied. ... In response to the demand of the consumers, producers will raise both the price of their product and the quantity they are willing to supply.

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