When does a shortage occur?
A) When the quantity supplied is less than the quantity demanded
B) When the quantity demanded is less than the quantity supplied
C) When goods have to be sold quickly or else they may rot or expire
D) When producers see a need to decrease the price of the good

Question

Quizplus · Accepted Answer

A shortage occurs when the quantity supplied is less than the quantity demanded. This means that there is excess demand for a good or service, which can lead to higher prices and potentially a lack of availability for consumers.

When Does a Shortage Occur