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

Find the market value of $190,900 with an assessment factor of 80%
If the resistance R,in a circuit changes with the temperature T, following the relation, R=T^2+3T+5,calculate the total resistance from 5 degrees celsius to 10
Which of the following numbers are co-prime? (a) 18 and 35 (b) 15 and 37 (c) 30 and 415 (d) 17 and 68 (e) 216 and 215 (f) 81 and 16
Identify the terms, coefficients, and constants in the expression. 4/5 + 3s + 2
HSiCl3+H2O=H10Si10O15+HCl
Cut out a piece of cardboard in the shape of a letter C and locate the center of mass. is it within the frame of the letter? Can it be balanced at the center of
HELP ME PLEASEEEEEEEEEE
You have a bag with the following color chips in it: Red, White, Yellow, and Blue. You are told that 24% of the chips are Red, 40% of the chips are White, and 1
Which cosine ratios are correct for APQR? Check all that apply cos (P) = cos (P) = 9 cos (Q) = P ) Intro Done
400 reduced by 4 times 36