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, leading to an increase in price as consumers compete for the limited supply.

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