Babygirll1281 Babygirll1281

01-08-2020
Business

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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 ___________________ Group of answer choices

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ewomazinoade ewomazinoade

02-08-2020

Answer:

Shortage

Explanation:

At equilibrium, the quantity demanded equals the quantity supplied.

When the quantity demanded will exceed the quantity supplied, there is a shortage.

when the quantity supplied exceeds the quantity demanded, there is a surplus.

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fangzghostwolf fangzghostwolf

28-09-2020

Answer: shortage

Explanation:

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