Solved

A Shortage Exists When

Question 47

Multiple Choice

A shortage exists when


A) QD>QS
B) QD<QS
C) QD=QS
D) an act of god makes goods available at very low prices.

Correct Answer:

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Q42: A surplus exists when
A)QD>QS
B)QD<QS
C)QD=QS
D)an act of god

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Q45: Another term for shortage is
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Q51: Another term for surplus is
A)excess supply.
B)excess demand.
C)equilibrium

Q52: The condition where firms want to sell

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