Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

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

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.