kelsiewebb2003 kelsiewebb2003

22-02-2021
English

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How does a market shortage occur

Respuesta :

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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