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 _______.

Name: 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 _______.
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

When demand exceeds supply, there is a shortage, leading to an increase in price to balance the market.

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