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Sagot :
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
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