If there is a shortage in the market, market forces will drive the quantity supplied to________ and the quantity demanded to________ _ .

Question

Quizplus · Accepted Answer

In the event of a shortage, market forces typically cause the quantity supplied to increase as suppliers attempt to capitalize on higher prices and meet demand. Concurrently, the quantity demanded tends to decrease as higher prices deter some consumers.

If There Is a Shortage in the Market, Market Forces