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Sagot :
Final answer:
Explanation of how a market with a shortage adjusts towards equilibrium by increasing quantity supplied and decreasing quantity demanded to reach equilibrium price.
Explanation:
In the face of a shortage, sellers tend to raise prices, leading to an increase in quantity supplied and a decrease in quantity demanded, eventually reaching equilibrium price.
Learn more about Market Equilibrium here:
https://brainly.com/question/32940222
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