gayleneadamsot3tmz gayleneadamsot3tmz
  • 02-05-2020
  • Business
contestada

What is the definition of shortage in economics

Respuesta :

xycoemo99 xycoemo99
  • 31-08-2020

Answer:

A shortage, in economic terms, is a condition where the quantity demanded is greater than the quantity supplied at the market price. There are three main causes of shortage—increase in demand, decrease in supply, and government intervention

Answer Link

Otras preguntas

Round 5.928301 to 2 decimal places
Which two entrepreneurs believed they were examples of social Darwinism at work?
did Britain and its allies go to war with sweden
factor the expression y2+6y-16
at the bake sale the students earned $48.76. If there were 3 students, how much did each student earn?
Jenny can type 1,200 words in just 15 minutes. How many words can she type in one hour?
The first hominid that is believed to have walked upright is ?
Johanna purchases a book for $14.95. There is a sales tax of 6.5%. How much is the final price with tax? What is the total? What is the percent? Use the formula
Choose the correct singular, third person, conjugation of the verb to be in the future perfect tense
Grace bought 4.5 pounds of fish that cost $4.98 per pound. how much did she pay for fish?