When There Is A Shortage At A Particular Price The Quantity Sold At That Price Will Equal? Whenever there is a shortage at a particular price, the quantity sold at that price will equal: the quantity supplied at that price. What happens if there is a shortage of a good at the current price? If
How Does Shortage Occur? 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. How does shortage happen in the market? A Market Shortage occurs when there is
Is Surplus Better Than Shortage? A shortage occurs when the quantity demanded for a good exceeds the quantity supplied at a specific price. A surplus occurs when the quantity supplied of a good exceeds the quantity demanded at a specific price. … In addition, a surplus occurs at prices above the equilibrium price. Why should