A shortage can be eliminated by increasing the price of a good.
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Q106: At prices above the equilibrium price, shortages
Q107: At prices below the equilibrium price, shortages
Q108: As more firms enter an industry, the
Q109: Changes in a firm's production costs will
Q110: Scarcity can be eliminated by increasing the
Q112: A surplus can be eliminated by lowering
Q113: Because our price system does not ration
Q114: The free market can never generate an
Q115: A surplus results when the quantity supplied
Q116: At the equilibrium price, there is no
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