If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 12,000 per year, there is a in the market and the price will .

Question

Quizplus · Accepted Answer

When the quantity demanded exceeds the quantity supplied, there is a shortage in the market. This means that consumers are willing to buy more textbooks than are currently available. As a result, the price of textbooks will rise as suppliers will be able to charge more for each unit of textbook sold.

If the Quantity of Textbooks Supplied Is 10,000 Per Year