When a shortage exists
A) the price is below the market clearing price.
B) quantity demanded exceeds quantity supplied.
C) an excess quantity demanded exists.
D) all of the above
Correct Answer:
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Q386: Which of the following is NOT true
Q388: Scalping and other black market activities arise
Q389: Suppose that the price of wheat is
Q391: A shortage will occur whenever
A)price is below
Q396: When there is a shortage I. there
Q397: A shortage will occur when
A) the price
Q398: A market requires
A) sellers only.
B) buyers and
Q398: Another term for the equilibrium price is
A)excess
Q411: When there is an excess quantity supplied
A)
Q414: A surplus exists
A) in equilibrium.
B) when quantity
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