Whenever there is a shortage at a particular price, what will the quantity sold at that price be equal to?

Name: Whenever there is a shortage at a particular price, what will the quantity sold at that price be equal to?
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

The quantity sold at a price where there is a shortage will equal the quantity supplied at that price, because the shortage implies that the quantity demanded exceeds the quantity supplied, and only the amount that is supplied can actually be sold.

Whenever There Is a Shortage at a Particular Price, What