What occurs when the quantity demanded exceeds the quantity supplied?
A) Demand deficit
B) Surplus
C) Equilibrium point
D) Shortage
E) Supply schedule

Name: What occurs when the quantity demanded exceeds the quantity supplied? A) Demand deficit B) Surplus C) Equilibrium point D) Shortage E) Supply schedule
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Question

Quizplus · Accepted Answer

D)When demand exceeds supply, there will not be enough goods available to meet the demand for them. This is known as a shortage.

What Occurs When the Quantity Demanded Exceeds the Quantity Supplied