Sia
Question
Macroeconomics
Posted 7 months ago
Which of the following terms describes a situation in which there is an excess quantity demanded in a market?
Choose 1 answer:
(A) Shortage
(B) Equilibrium
(c) Efficiency
(D) Surplus
(E) Excess supply
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Answer from Sia
Posted 7 months ago
A
Key Concept
Shortage
Explanation
A shortage occurs when the quantity demanded exceeds the quantity supplied at a given price.
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