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A shortage will develop when _____. the market price is below the equilibrium price the quantity supplied of a good is greater than the quantity demanded of that good the equilibrium quantity supplied is lower than the actual quantity supplied the government provides subsidies to producers

Jennifer Patterson

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Kristi Hammond on September 12, 2018

A shortage will develop when the market price is below the equilibrium price. In economics, the equilibrium price is when the quantity of goods supplied are equal to the amount of goods demanded. There is a shortage when the price is below that because there are not enough goods to supply the demands of the product.


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