Multiple Choice
When does a shortage occur?
A) whenever quantity demanded exceeds quantity supplied at the equilibrium price
B) whenever price is less than equilibrium price
C) whenever quantity demanded is less than quantity supplied
D) whenever some of the people who need the product are unwilling and unable to buy it at the equilibrium price
Correct Answer:
Verified
Correct Answer:
Verified
Q83: Exhibit 4-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt="Exhibit 4-2
Q84: Exhibit 4-11<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt="Exhibit 4-11
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