True/False
A shortage is caused by either a decrease in demand or an increase in supply.
Correct Answer:
Verified
Related Questions
Q80: All of the following,except one,are examples of
Q94: Q101: Q101: Imposing a price ceiling often results in Q102: Since water is a necessity, its demand Q103: Invariably, price floors cause shortages and price Q106: If the demand increases and the supply Q107: If the demand curve is vertical, then Q109: Economic laws are social laws-statements of tendencies, Q110: If both the demand and the supply![]()
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents