The amount by which quantity supplied exceeds quantity demanded is called a shortage.
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Q11: The tendency for the cost of producing
Q12: An increase in the price of corn
Q13: A tax placed on the sale of
Q14: A subsidy placed on the production of
Q15: Market equilibrium occurs when the price of
Q17: An increase in the price of baseballs
Q18: When demand increases and the supply curve
Q19: When demand decreases and the supply curve
Q20: When supply increases, the equilibrium price rises
Q21: When supply decreases, the equilibrium price rises
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