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Home Q & A Board Other Fields Homework Help Business Economics
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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
Economists define "shortage" as
A) quantity demanded exceeds quantity supplied.
B) quantity demanded equals quantity supplied.
C) quantity supplied exceeds quantity demanded.
D) a situation whereby the prevailing price is higher than the market-clearing price.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Another one in the books, marking it solved.
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#3
8 years ago
Thanks for the feedback Slight Smile
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