Shortages: Multiple choice question. generally occur after surpluses. are usually the product of price controls. typically cause prices to fall. are usually indicated by high prices.

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08-02-2022
Business

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Shortages: Multiple choice question. generally occur after surpluses. are usually the product of price controls. typically cause prices to fall. are usually indicated by high prices.

Sagot :

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ewomazinoade ewomazinoade · Answer 1 · 2022-02-22T06:14:52-05:00

Shortages are usually the product of price controls.

What is a shortage?

A shortage is when the quantity demanded exceeds the quantity supplied. This is because price is below equilibrium price. When there is a shortage, prices would rise until equilibrium price is reached.

Price control is when the government sets the maximum price of a good. It is usually set below equilibrium price. This leads to shortages.

To learn more about price control, please check: https://brainly.com/question/26551616

Shortages: Multiple choice question. generally occur after surpluses. are usually the product of price controls. typically cause prices to fall. are usually indicated by high prices.

Sagot :

What is a shortage?

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