Answered

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If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. This is known as ___________________

Sagot :

saedejamala

Answer:

A shortage

Explanation:

ogorwyne

If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. This is known as market shortage.

What is market shortage?

This is a state that occurs in an economy where the quantity that is demanded of a good is more than the quantity that is supplied.

When this issue exists, customers are unsatisfied because they cannot buy the quantity of goods that they want.

Read more on market shortage here: https://brainly.com/question/24754736

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